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ACC's Economic Outlook for the Week Ended July 10, 2009

1:19 PM MDT | July 13, 2009 | American Chemistry Council

It’s been two weeks and the economic reports released have been mixed. Reports on manufacturing activity were positive in that the pace of decline has clearly slowed and new orders improved by the most in nearly a year. Orders for machinery and other industrial equipment may signal a turning point over the next several months. Vehicle sales, however, remained slow as the bankruptcies of two of the ‘Detroit 3’, rising unemployment, and tight credit conditions weighed on consumers.   Consumers remain anxious amid further job losses and...

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