ACC's Economic Outlook for the Week Ended Sept. 9, 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 Debt up 5.9% (SAAR); up 1.7% Y/Y ISM Non‐Manufacturing up 0.6 percentage points to 53.3 Trade Deficit down $6.8 billion to $44.8 billion Wholesale Trade –flat‐; up 14.4% Y/Y Semiconductor Sales down 0.1%; down 1.1% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellow banner for basic and specialty chemicals. Oil up $89.05 (Thursday) Natural Gas down $3.99...

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