ACC's Economic Outlook for the Week Ended Oct. 21, 2011

MACROECONOMIC STATUS Our running tab of positive indicators was stable at 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Prices up 0.3%; up 3.9% Y/Y Producer Prices up 0.8%; up 6.9% Y/Y Housing Starts up 15.0%; up 10.2% Y/Y Building Permits down 5.0%; up 5.7% Y/Y Existing Home Sales down 3.0%; up 11.3% Y/Y Industrial Production up 0.2%; up 3.2% Y/Y Capacity Utilization up 0.1 points to 77.4% LEI up 0.2%; up 5.9% Y/Y Empire State Survey up 0.3 points to ‐8.5 Philly Fed Survey up 26.2 points to 8.7 ENERGY For the business of chemistry...

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