IHS Chemical Week

Economics :: Prices

ACC's Economic Outlook for the Week Ended February 26, 2010

9:34 AM MST | March 1, 2010 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators slipped by two to 15 out of 20 this week. As a result, we continue to post a green banner. Consumer Confidence ↓ 10.5 points to 46.0 New Home Sales ↓ 11.2%; ↓ 6.1% Y/Y Existing Home Sales ↓ 7.2%; ↑ 11.5% Y/Y Durable Orders ↑ 3.0%; ↑ 9.9% Y/Y 4Q GDP ↑ 5.9%; ↑ 0.1% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators still bring to mind a green banner for basic and specialty chemicals. Oil ↑ $77.60 (Thursday) Natural Gas ↓...

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