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ACC's economic outlook for the week ended 19 July 2013

10:30 AM MDT | July 22, 2013 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators rose by one to 17 out of 20 this week. Thus, we continue to post a green banner. Consumer prices up 0.5%; up 1.8% year-on-year (YOY) Retail sales up 0.4%; up 5.7% YOY Business inventories up 0.1%; up 3.8% YOY Housing atarts down 9.9%; up 10.4% YOY Building permits down 7.5%; up 16.1% YOY Industrial production up 0.3%; up 2.0% YOY Capacity utilization up 0.1 points, to 77.8% LEI flat; up 2.4% YOY Empire State Mfg. Survey up 1.6 points, to 9.5 Philly Fed Survey up 7.3 points, to 19.8 BUSINESS OF CHEMISTRY...

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