ACC's Economic Outlook for the Week Ended March 4, 2011

MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 16 out of 20 this week. We continue to post a green banner. Payroll Employment ↑ 192,000 Unemployment Rate ↓ 0.1 points to 8.9% Personal Income ↑ 1.0%; ↑ 2.7% Y/Y (real) Consumer Spending ↑ 0.2%; ↑ 2.8% Y/Y (real) Construction Spending ↓ 0.7%; ↓ 5.9% Y/Y Light Vehicle Sales ↑ to 13.4 million‐unit pace Factory Orders ↑ 3.1%; ↑ 10.8% Y/Y ISM Manufacturing ↑ 0.2 points to 61.4 ISM Non‐Manufacturing ↑ 0.3 points to 59.7...

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