ACC Economic Outlook for the Week Ended Jan. 13, 2012

MACROECONOMIC STATUS Our running tab of positive indicators was 16 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt up 9.9% (SAAR); up 3.2% Y/Y Import Prices down 0.1%; up 8.5% Y/Y Wholesale Trade up 0.6%; up 11.3% Y/Y Retail Sales up 0.1%; up 6.5% Y/Y Trade Deficit up $4.5 billion to $47.8 billion Business Inventories up 0.3%; up 8.5% Y/Y Small Business Optimism up 1.8 points to 93.8 OECD+6 up 0.1%; up 0.5% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellow banner for basic and...

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