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ACC's Economic Outlook for the Week Ended September 26, 2008

10:19 AM MDT | September 29, 2008 |

American Chemistry Council

Our running tab of positive indicators fell by one to eight out of 20 this week. As a result, we continue to post a yellow banner, though it will likely turn to red following next week’s reports.    Existing Home Sales ¯ 2.2%; ¯ 10.7% Y/Y New Home Sales ¯ 11.5%; ¯ 34.5% Y/Y Advance Durable Goods ¯ 4.5%; ¯ 1.6% Y/Y GDP (2nd Q) - final ­ 2.8%; ­ 2.1% Y/Y   Business of Chemistry Status For the business of chemistry, the indicators still bring to mind a yellow banner for basic and specialty chemicals.  ...

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