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ACC's Economic Outlook for the Week Ended 26 October 2012
11:32 AM MDT | October 29, 2012 | American Chemistry Council
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. GDP 3Q up 2.0% rate; up 2.3% Y/Y New Home Sales up 5.7%; up 27.1% Y/Y Durable Goods Orders up 9.9%; down 0.3% Y/Y CAB up 0.6%; up 2.8% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil down $86.05 (Thursday) Natural Gas up $3.36 (Thursday) Railcar Loadings down 206 from a week ago; -flat- Y/Y (13-week moving average) US CPRI – flat...
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