ACC's Economic Outlook for the Week Ended July 1, 2011

MACROECONOMIC STATUS Our running tab of positive indicators was 12 out of 20 this week. Thus, we post a yellow banner. Consumer Confidence down 3.2 points to 58.5 Personal Income up 0.3%; up 4.2% Y/Y Consumer Spending ‐ flat ‐; up 4.7% Y/Y Construction Spending down 0.6%; down 7.1% Y/Y Chicago PMI up 4.5 points to 61.1 (expanding) ISM Manufacturing up 1.8 points to 55.3 (expanding) BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil up $95.42 (Thursday) Natural Gas down...

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