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ACC's Economic Outlook for the Week Ended April 27, 2012

10:40 AM MDT | April 30, 2012 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators remained at 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Confidence down 0.3 points to 69.2 New Home Sales down 7.1%; up 7.5% Y/Y Q1 GDP up 2.2%; up 2.1% Y/Y Durable Orders down 4.2%; up 1.0% 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 up $104.55 (Thursday) Natural Gas up $2.08 (Thursday) Railcar Loadings down 558 from a week ago; down 0.3% Y/Y (13-week moving average) US...

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