ACC's Economic Outlook for the Week Ended Dec. 23, 2011

MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 16 out of 20 this week. Thus, we continue to post a green banner. Consumer Spending up 0.1%; up 1.7% Y/Y (real) Personal Income up 0.1%; down 0.1% Y/Y (real DPI) Existing Home Sales up 4.0%; up 12.2% Y/Y New Home Sales up 1.6%; up 9.8% Y/Y Housing Starts up 9.3%; up 24.3% Y/Y Building Permits up 5.7%; up 20.7% Y/Y Durable Orders up 3.8%; up 12.2% Y/Y LEI up 0.5%; up 5.9% Y/Y 3rd Q GDP up 1.8%; up 1.5% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring...

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