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ACC's Economic Outlook for the Week Ended Aug. 29, 2011

11:06 AM MDT | August 29, 2011 | 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 but one with a yellowish tint. 2Q GDP up 1.0% annual pace (slower than previous estimate) New Home Sales down 0.7%; up 6.8% Y/Y Durable Orders up 4.0%; up 9.1% Y/Y Richmond Fed Mfg. Survey down 9 points to ‐10 (contracting) BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellowish banner for basic and specialty chemicals. Oil up $85.30 (Thursday) Natural Gas up $3.99 (Thursday)...

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