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ACC's Economic Outlook for the Week Ended May 18, 2012

11:10 AM MDT | May 21, 2012 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Prices ≈ 0.0%; up 2.3% Y/Y Retail Sales up 0.1%; up 6.4% Y/Y Business Inventories up 0.3%; up 6.6% Y/Y Housing Starts up 2.6%; up 29.9% Y/Y Building Permits down 7.0%; up 23.7% Y/Y Industrial Production up 1.1%; up 5.2% Y/Y Capacity Utilization up 0.8 points to 79.2% Empire State Mfg. Survey up 11 points to 17.1 Philly Fed Survey down 14 points to -5.8 LEI down 0.1%; up1.9% Y/Y BUSINESS OF CHEMISTRY STATUS...

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