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ACC's Economic Outlook for the Week Ending July 13, 2012

11:57 AM MDT | July 16, 2012 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators remained at 13 out of 20 this week. Thus, we continue to post a green banner, but with a yellowish tint. Consumer Credit up 0.7%; up 5.3% Y/Y Trade Deficit down to $48.7 billion Wholesale Trade down 0.8%; up 5.7% Y/Y Import Prices down 2.7%; down 2.6% Y/Y Producer Prices up 0.1%; up 0.7% Y/Y Small Business Optimism down 3.0 points to 91.4 OECD +6 down 0.1%; down 0.8% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellow banner for basic and specialty...

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