ACC's Economic Outlook for the Week Ended July 29, 2011

MACROECONOMIC STATUS Our running tab of positive indicators was 12 out of 20 this week. Thus, we continue to post a yellow banner. Consumer Confidence down 1.9 points to 59.5 2Q GDP up 1.3% annual pace New Home Sales down 1.0%; up 1.6% Y/Y Durable Goods Orders down 2.1%; up 7.9% Y/Y Chicago PMI down 2.3 points to 58.8 (expanding) BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellow banner for basic and specialty chemicals. Oil down $97.04 (Thursday) Natural Gas down $4.42 (Thursday) Railcar Loadings down 286 from a...

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