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ACC's economic outlook for the week ended 1 February

9:55 AM MST | February 4, 2013 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators was steady at 14 out of 20 this week. Thus, we continue to post a green banner. Nonfarm payrolls up 157,000 Unemployment rate up 0.1 percentage points, to 7.9% Consumer confidence down 8.1 points, to 58.6 Personal income up 2.6%; up 6.9% YOY Consumer spending up 0.2%; up 3.6% YOY GDP down 0.1% SAAR in the fourth quarter Construction spending up 0.9%; up 7.8% YOY ISM manufacturing up 2.9 points, to 53.1 (expanding) Chicago Business Barometer up 5.6 points, to 55.6 (expanding) Texas Mfg. Survey up 9.4...

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