ACC's Economic Outlook for the Week Ended May 11, 2012

MACROECONOMIC STATUS Our running tab of positive indicators remained at 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt up 10.2%; up 5.0% Y/Y Trade Deficit up $6.4 billion to $51.8 billion Import Prices down 0.5%; down 0.5% Y/Y Producer Prices down 0.2%; up 1.9% Y/Y Wholesale Trade up 0.5%; up 6.5% Y/Y Small Business Optimism up 2.0 points to 94.5 Texas Manufacturing Outlook down 5.5 points to 5.6 OECD CLI+6 up 0.1%; up 1.9% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner...

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