ACC's Economic Outlook for the Week Ended Aug. 31, 2012

MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we post a green banner. Consumer Confidence down 4.8 points to 60.6 Personal Income up 0.3%; up 2.0% Y/Y (real DPI) Consumer Spending up 0.3%; up 2.0% Y/Y (real) Q2 GDP up 1.7%; up 2.3% Y/Y Factory Orders up 2.8%; up 2.4% Y/Y Texas Mfg. Survey down 5.6 points to 6.4 (slower output growth) Chicago PMI down 0.7 points to 53.0 (steadily expanding) BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellow banner for basic and specialty...

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