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ACC's Economic Outlook for the Week Ended May 27, 2011
10:42 AM MDT | May 31, 2011 | American Chemistry Council
MACROECONOMIC STATUS Our running tab of positive indicators was still 13 out of 20 this week. Thus, we continue to post a green banner but one with a yellowish tint. GDP ↑ 1.8% annual pace for the 1st quarter Personal Income ↑ 0.4%; ↑ 4.4% Y/Y Consumer Spending ↑ 0.4%; ↑ 4.8% Y/Y New Home Sales ↑ 7.3%; ↓ 23.1% Y/Y Durable Goods Orders ↓ 3.6%; ↑ 9.2% 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 ↑ $100.23 (Thursday)...
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