ACC's Economic Outlook for the Week Ended Sept. 30, 2011

MACROECONOMIC STATUS Our running tab of positive indicators remained at 12 out of 20 this week. Thus, we continue to post a yellow banner. Consumer Confidence up 0.2 points (still pessimistic) Consumer Spending up 0.2%; up 1.8% Y/Y (real) Personal Income down 0.1%; up 0.3% Y/Y (real DPI) New Home Sales down 2.3%; up 6.1% Y/Y 2nd Q GDP (final) up 1.3%; 1.6% Y/Y Durable Orders down 0.1%; up 14.1% Y/Y Chicago PMI up 3.9 points to 60.4 Texas Manufacturing Survey down 3.0 points to -14.4 Richmond Manufacturing Survey up 4.0 points to -6.0 BUSINESS OF CHEMISTRY STATUS...

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