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ACC's Economic Outlook for the Week Ended Aug. 5, 2011

10:12 AM MDT | August 8, 2011 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators rose to 14 out of 20 this week. Thus, we post a green banner but one with a yellowish tint. Nonā€Farm Payrolls up 117,000 jobs Unemployment Rate down 0.1 points to 9.1% Personal Income up 0.1%; up 1.1% Y/Y (real DPI) Consumer Spending down 0.2%; up 1.8% Y/Y (real) Construction Spending up 0.2%; down 4.7% Y/Y Light Vehicle Sales up to a 12.3 million unit annual pace Global Semiconductor Sales down 1.5%; down 0.5% Y/Y Factory Orders down 0.8%; up 12.8% Y/Y ISM Manufacturing down 4.4 points to 50.9 (barely...

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