ACC's Economic Outlook for the Week Ended June 22, 2012

MACROECONOMIC STATUS Our running tab of positive indicators remained at 12 out of 20 this week. Thus, we continue to post a yellow banner. Housing Starts down 4.8%; up 28.5% Y/Y Building Permits up 7.9%; up 25.0% Y/Y Existing Home Sales down 1.5%; up 9.6% Y/Y Philly Fed Survey down 11 points to -16.6 (shrinking) LEI up 0.3%; up 1.7% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellow banner for basic and specialty chemicals. Oil down $78.20 (Thursday) Natural Gas up $2.53 (Thursday) Railcar Loadings up 267 from a...

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