ACC's economic outlook for the week ended 18 January

MACROECONOMIC STATUS Our running tab of positive indicators was 14 out of 20 this week. Thus, we post a green banner. Producer prices down 0.2%; up 1.3% year-on-year YOY Consumer prices ~ 0.0%; up 1.7% YOY Retail sales up 0.6%; up 4.7% YOY Business inventories up 0.3%; up 5.5% YOY Housing starts up 12.1%; up 36.9% YOY Building permits up 0.3%; up 28.8% YOY Industrial production up 0.3%; up 2.2% YOY Capacity utilization up 0.1 points to 78.8% Empire State Mfg. Survey down 0.5 to -7.8 points Philly Fed Survey down 10.4 to -5.8 points OECD CLI+6 up 0.1%; up 2.3% YOY...

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