ACC's Economic Outlook for the Week Ended March 11, 2011

MACROECONOMIC STATUS Our running tab of positive indicators slipped to 15 out of 20 this week. However, we continue to post a green banner. Consumer Debt up 2.5%; up 1.6% Y/Y Retail Sales up 1.0%; up 8.9% Y/Y Wholesale Trade up 3.4%; up 15.4% Y/Y Trade Deficit up $6.0 billion to $46.3 billion Business Inventories up 0.9%; up 9.1% Y/Y Global Semiconductor Sales up 1.5%; up 14.0% Y/Y NFIB Optimism up 0.4 points to 94.5 BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil up...

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