ACC Economic Outlook for the Week Ended Dec. 9, 2011

MACROECONOMIC STATUS Our running tab of positive indicators remained slipped by one to 17 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt up 0.3%; up 2.4% Y/Y Wholesale Trade up 0.9%; up 13.1% Y/Y Trade Deficit down $0.7 billion to $43.5 billion Global Semiconductor Sales down 0.1%; down 1.8% Y/Y Factory Orders down 0.4%; up 10.1% Y/Y ISM Non-manufacturing PMI down 0.9 percentage points to 52.0 BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil...

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