ACC's Economic Outlook for the Week Ended May 28, 2010

MACROECONOMIC STATUS Our running tab of positive indicators remains at 18 out of 20 this week. As a result, we continue to post a green banner. Consumer Confidence ↑ 5.6 points to 63.3 (1985=100) Personal Income ↑ 0.4%; ↑ 2.5% Y/Y Consumer Spending ↑ <0.1%; ↑ 4.6% Y/Y GDP ↑ 3.0% pace (revised down 0.2 percentage points) Existing Home Sales ↑ 7.6%; ↑ 22.8% Y/Y New Home Sales ↑ 14.8%; ↑ 47.8% Y/Y Durable Goods Orders ↑ 2.9%; ↑ 21.6% Y/Y Chicago PMI ↓ 4.1 points to 59.7 BUSINESS OF CHEMISTRY STATUS...

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