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ACC's Economic Outlook for the Week Ended Oct. 14, 2011

11:17 AM MDT | October 17, 2011 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators was unchanged at 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt down 4.6% (SAAR); up 2.1% Y/Y Import Prices up 0.3%; up 13.4% Y/Y Trade Deficit – flat – $45.6 billion Retail Sales up 1.1%; up 7.9% Y/Y Business Inventories up 0.5%; up 10.5% Y/Y OECD+6 down 0.3%; up 1.7% Y/Y Small Business Optimism up 0.8 to 88.9 BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil up...

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