ACC's Economic Outlook for the Week Ended April 6, 2012

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. Non-Farm Payrolls up 120,000 (off from last month’s gain) Unemployment Rate down 0.1 percentage points to 8.2% Construction Spending down 1.1%; up 5.8% Y/Y Factory Orders up 1.3%; up 13.8% Y/Y Light Vehicle Sales down to a 14.4 million-unit pace Global Semiconductor Sales down 1.3%; up 7.3% Y/Y ISM Manufacturing up 1.0 to 53.4 (expanding) ISM Non-Manufacturing down 1.3 to 56.0 (still expanding) JP Morgan Global...

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