IHS Chemical Week

Economics :: Prices

ACC's Economic Outlook for the Week Ended Jan. 28, 2011

10:13 AM MST | February 1, 2011 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators was 16 out of 20 this week. We continue to post a green banner. Consumer Confidence ↑ 7.3 points to 60.6 4th Quarter GDP ↑ 3.2% (SAAR); ↑2.8% Y/Y New Home Sales ↑ 17.5%; ↓ 7.6% Y/Y Durable Goods Orders ↓ 2.5%; ↑ 6.2% 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 ↓ $85.64 (Thursday) Natural Gas ↓ $4.36 (Thursday) Railcar Loadings ↓ 453 from a week ago...

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