ACC's Economic Outlook for the Week Ended April 22, 2011

MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. We continue to post a green banner. Housing Starts ↑ 7.2%; ↓ 13.4% Y/Y Building Permits ↑ 11.2%; ↓ 13.3% Y/Y Existing Home Sales ↑ 3.7%; ↓ 6.3% Y/Y LEI ↑ 0.4%; ↑ 5.4% Y/Y Philly Fed Survey ↓ 24.9 points to 18.5 (still expanding) BUSINESS OF CHEMISTRY STATUS Oil ↑ $112.29 (Thursday) Natural Gas ↑ $4.33 (Thursday) Railcar Loadings ↑ 542 from a week ago; ↑ 5.9% Y/Y (13‐week moving average) Polymers and...

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