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ACC's Economic Outlook for the Week Ended July 22, 2011

10:36 AM MDT | July 25, 2011 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators was steady at 13 out of 20 this week. We remain concerned, however, and will continue to post a yellow banner. Building Permits up 2.5%; up 6.7% Y/Y Housing Starts up 14.6%; up 16.7% Y/Y Existing Home Sales down 0.8%; down 8.8% Y/Y LEI up 0.3%; up 6.0% Y/Y Philly Fed Survey up 9.9 points to +3.2 BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellow banner for basic and specialty chemicals. Oil up $98.93 (Thursday) Natural Gas up $4.56 (Thursday) Railcar...

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