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ACC's economic outlook for the week ended 24 May

9:00 AM MDT | May 28, 2013 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators was 13 out of 20 this week. Thus, we continue to post a green banner. Existing home sales up 0.6%; up 9.7% year-on-year (YOY) New home sales up 2.3%; up 29.0% YOY Durable goods orders up 3.3%; up 4.3% YOY BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil down $94.25 (Thursday) Natural gas up $4.13 (Thursday) Railcar loadings down 96 from a week ago; down 0.4% YOY (13-week moving average) US CPRI down 0.1%; up...

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