ACC's Economic Outlook for the Week Ended August 8, 2008

Macroeconomic Status Our running tab of positive indicators rose one to 10 out of 20 this week. As a result, we continue to post a yellow banner.     Existing Home Sales ­ to 5.00 million units; ¯ 13.2% Y/Y New Home Sales ­ 2.4% to 515,000 units; ¯ 35.3% Y/Y Consumer Confidence ­ 5.0 points to 56.9 2Q GDP ­ 3.3%; ¯ 2.2% Y/Y Personal Income ¯ 0.7%; ­ 1.2% Y/Y (real) Consumer Spending ­ 0.2%; ­ 0.7% Y/Y (real) Durable Goods Orders ­ 1.3%; ­ 2.4% Y/Y Chicago PMI ­ 7.1 points to 57.9  ...

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