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ACC's Economic Outlook for the Week Ended Dec. 23, 2011

3:21 PM MST | December 27, 2011 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 16 out of 20 this week. Thus, we continue to post a green banner. Consumer Spending up 0.1%; up 1.7% Y/Y (real) Personal Income up 0.1%; down 0.1% Y/Y (real DPI) Existing Home Sales up 4.0%; up 12.2% Y/Y New Home Sales up 1.6%; up 9.8% Y/Y Housing Starts up 9.3%; up 24.3% Y/Y Building Permits up 5.7%; up 20.7% Y/Y Durable Orders up 3.8%; up 12.2% Y/Y LEI up 0.5%; up 5.9% Y/Y 3rd Q GDP up 1.8%; up 1.5% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring...

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