ACC's Economic Outlook for the Week Ended June 8, 2012

MACROECONOMIC STATUS Our running tab of positive indicators remained stable at 14 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt up 3.1%; up 4.8% Y/Y Trade Deficit down $2.5 billion to $50.1 billion Light Vehicle Sales down to 13.8 million rate Global Semiconductor Sales up 3.4%; down 2.9% Y/Y Wholesale Trade up 1.1%; up 6.8% Y/Y Factory Orders down 0.6%; up 3.2% Y/Y ISM Nonmanufacturing up 0.2 points to 53.7 JPMorgan Global Manufacturing PMI down 0.8 points to 50.6 BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the...

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