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ACC's Economic Outlook for the Week Ended Mar. 30, 2012

11:15 AM MDT | April 2, 2012 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators was steady at 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Confidence down 1.4 points to 70.2 Personal Income up 0.2%; up 3.2% Y/Y Consumer Spending up 0.8%; up 4.1% Y/Y GDP up 3.0% (SAAR); up 1.6% Y/Y Durable Goods Orders up 2.2%; up 17.7% Y/Y Chicago PMI down 1.8 points to 62.2 (expanding) Texas Manufacturing Survey down 7.0 points to 10.8 (expanding) BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and...

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