IHS Chemical Week

Economics :: Prices

ACC's Economic Outlook for the Week Ended Feb. 25, 2011

9:48 AM MST | February 28, 2011 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators slipped (by one) to 16out of 20 this week. However, we continue to post a green banner. Consumer Confidence ↑ 5.6 points to 70.4 (a 3‐year high) Existing Home Sales ↑ 2.7%; ↑ 5.3% Y/Y New Home Sales ↓ 12.6%; ↓ 18.6% Y/Y Durable Orders ↑ 2.7%; ↑ 8.2% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil ↑ $95.98 (Thursday) Natural Gas ↓ $3.83 (Thursday) Railcar...

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