IHS Chemical Week

Economics :: Prices

ACC's economic outlook for the week ended 23 May 2014

10:42 AM MDT | May 27, 2014 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators was 14 out of 20 this week. Thus, we continue to post a green banner. Existing Home Sales up 1.3%; down 6.8% Y/Y New Home Sales up 6.4%; down 4.2% Y/Y LEI up 0.4%; up 5.7% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil up $110.40 (Thursday) Natural Gas down $4.38 (Thursday) Railcar Loadings up 559 from a week ago; up 1.7% Y/Y (13-week moving average) Chemicals: Soda Ash up 10.8% Y/Y; Chlorine down 0.5% Y/Y...

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