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ACC's Economic Outlook for the Week Ended May 25, 2012
9:26 AM MDT | May 29, 2012 | American Chemistry Council
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Existing Home Sales up 3.4%; up 10.0% Y/Y New Home Sales up 3.3%; up 9.9% Y/Y Advanced Durable Goods up 0.2%; up 6.3% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil down $90.66 (Thursday) Natural Gas up $2.65 (Thursday) Railcar Loadings down 643 from a week ago; down 1.4% Y/Y (13-week moving average) Chemicals up (Y/Y): soda ash US CPRI...
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