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ACC's Economic Outlook for the Week Ended Mar. 16, 2012

9:51 AM MDT | March 19, 2012 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators slipped by one to 16 out of 20 this week. Thus, we continue to post a green banner. Consumer Prices up 0.4%; up 2.9% Y/Y Import Prices up 0.4%; up 5.5% Y/Y Producer Prices up 0.4%; up 3.3% Y/Y Retail Sales up 1.1%; up 6.5% Y/Y Business Inventories up 0.7%; up 7.6% Y/Y Industrial Production – flat – ; up 4.0% Y/Y Capacity Utilization down 0.1 points to 78.7% Philadelphia Fed Survey up 2.3 points to 12.5 (expanding) Empire State Survey up 0.7 points to 20.2 (expanding) OECD CLI+6 up 0.6%; up...

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