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ACC's Economic Outlook for the Week Ended Sept. 7, 2012

12:25 PM MDT | September 10, 2012 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators improved by one to 16 out of 20 this week. Thus, we post a green banner. Non-Farm Payrolls up 96,000 Unemployment Rate down 8.1% Light Vehicle Sales up to a 14.5-million unit pace Construction Spending down 0.9%; up 9.3% year-on-year (YOY) Global Semiconductor Sales up 0.2%; down 1.9% YOY ISM Manufacturing down 0.2 points, to 49.6 (contracting) ISM Nonmanufacturing up 1.1 points, to 53.7 (expanding) JP Morgan Global PMI down 0.2 points, to 48.1 (contracting) ENERGY For the business of chemistry, the...

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