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

10:02 AM MST | January 30, 2012 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators remained at 17 out of 20 this week. Thus, we continue to post a green banner. 4Q GDP up 2.8% annualized pace New Home Sales down 2.2%; down 7.3% Y/Y Durable Goods Orders up 3.0%; up 14.4% Y/Y Richmond Fed up 9 points to 12 LEI up 0.4%; up 3.6% Y/Y (3MMA) BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellow banner for basic and specialty chemicals. Oil down $99.70 (Thursday) Natural Gas up $2.67 (Thursday) Railcar Loadings down 587 from a week ago; down 0.2%...

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