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ACC's Economic Outlook for the Week Ended Nov. 18, 2011

10:46 AM MST | November 21, 2011 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 16 out of 20 this week. Thus, we continue to post a green banner. Retail Sales up 0.5%; up 7.2% Y/Y Business Inventories –flat–; up 9.0% Y/Y Building Permits up 10.9%; up 17.7% Y/Y Housing Starts down 0.3%; up 16.5% Y/Y Consumer Prices down 0.1%; up 3.5% Y/Y Producer Prices down 0.3%; up 6.1% Y/Y Industrial Production up 0.7%; up 3.9% Y/Y Capacity Utilization up 0.5 points to 77.8% Leading Economic Indicators up 0.9%; up 6.6% Y/Y Empire State Survey up 9.1 points to a +0.6...

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