ACC's economic outlook for the week ended 8 February 2013

MACROECONOMIC STATUS Our running tab of positive indicators slipped by one to 13 out of 20 this week. Thus, we continue to post a green banner. Consumer credit up 6.3% rate to $2.78 trillion Wholesale trade—unchanged; up 3.7% YOY Trade deficit down $38.5 billion Light-vehicle sales down to 15.3-million unit pace (still strong) Global semiconductor sales down 3.0%; up 3.8% YOY ISM nonmanufacturing down 0.5 points, to 55.2 Factory orders up 1.8%; up 0.2% YOY JP Morgan Global Manufacturing PMI up 1.5 points, to 51.5% BUSINESS OF CHEMISTRY STATUS For the...

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