ACC's Economic Outlook for the Week Ended Dec. 2, 2011

MACROECONOMIC STATUS Our running tab of positive indicators rose to 18 out of 20 this week. Thus, we continue to post a green banner. Payroll Employment up 120,000 Unemployment Rate down to 8.6% Consumer Confidence up 15.1 points to 56.0 Consumer Spending up 0.1%; up 2.0% Y/Y (real) Personal Income up 0.4%; down 0.1% Y/Y (real DPI) New Home Sales up 1.3%; up 8.9% Y/Y Existing Home Sales up 1.4%; up 13.5% Y/Y Construction Spending up 0.8%; down 0.4% Y/Y Light Vehicle Sales up to 13.6 million (SAAR) 3rd Q GDP up 2.0%; up 1.5% Y/Y Chicago PMI up 4.2 points to 62.6...

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