ACC's Economic Outlook for the Week Ended June 24, 2011

MACROECONOMIC STATUS Our running tab of positive indicators slipped to 13 out of 20 this week. Thus, we continue to post a green banner, albeit one with a yellow tint. Existing Home Sales down 3.8%; down 15.3% Y/Y New Home Sales down 2.1%; up 13.5% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a greenish banner for basic and specialty chemicals. Oil up $95.41 (Wednesday) Natural Gas down $4.42 (Wednesday) Railcar Loadings down 325 from a week ago; up 5.1% Y/Y (13‐week moving average) US CPRI up 0.5%; up 2.6% Y/Y...

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