ACC's Economic Outlook for the Week Ended Feb. 3, 2012

MACROECONOMIC STATUS Our running tab remained steady at 17 out of 20 this week. Thus, we continue to post a green banner. Non-Farm Payroll Employment up by 243,000 Unemployment Rate down 0.2 percentage points to 8.3% Consumer Confidence down 3.7 points to 61.1 Consumer Spending - flat; up 1.8% Y/Y (real) Personal Income up 0.5%; down 0.1% Y/Y (real DPI) Construction Spending up 1.5%; up 4.3% Y/Y Light Vehicle Sales up to a 14.2 million unit pace Factory Orders up 1.1%; up 10.5% Y/Y Texas Manufacturing up 5.6 points to 5.8 (improving) Chicago PMI down 2.0 points...

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