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ACC's economic outlook for the week ended 2 August 2013

11:11 AM MDT | August 5, 2013 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators slipped by two to 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Confidence down 1.8 points to 80.3 (still positive) Non-Farm Payrolls up 162,000 Unemployment Rate down 7.4% Personal Income up 0.3%; up 0.6% Y/Y (real DPI) Consumer Spending up 0.5%; up 2.0% Y/Y (real) GDP up 1.7%; up 2.9% Y/Y Construction Spending down 0.6%; up 3.3% Y/Y Light Vehicle Sales down to a 15.7 million-unit pace Factory Orders up 1.5%; up 6.0% Y/Y ISM Mfg. PMI up 4.5 points to 55.4 (expansion) Texas...

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