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ACC's economic outlook for the week ended 31 Jan. 2014

9:24 AM MST | February 3, 2014 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Confidence up 3.2 points to five-month high of 80.7 GDP up3.2% annual pace in the 4th quarter (1.9% for 2013) Personal Income -flat-; down 2.7% Y/Y (real DPI) Consumer Spending up 0.4%; up 2.5% Y/Y (real) New Home Sales down 7.0%; up 4.5% Y/Y Texas Manufacturing Survey up 0.1 points to +3.7 in January Chicago PMI down 1.2 points to 59.6 (still expanding) BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the...

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