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

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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