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ACC's Economic Outlook for the Week Ended June 17, 2011

10:18 AM MDT | June 20, 2011 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators rose by 2 to 14 out of 20 this week. Thus, we can upgrade our banner from yellow to green. Retail Sales down 0.2%; up 7.7% Y/Y Business Inventories up 0.8%; up 10.6% Y/Y Consumer Prices up 0.2%; up 3.6% Y/Y Producer Prices up 0.2%; up 7.0% Y/Y Housing Starts up 3.5%; down 3.4% Y/Y Building Permits up 8.7%; up 5.2% Y/Y Industrial Production up 0.1%; up 3.4% Y/Y Capacity Utilization –flat‐ at 76.7% Empire State Survey down 19.7 points to ‐7.8 (contracting) Philadelphia Business Survey down 11.6...

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