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ACC's economic outlook for the week ended 1 March

10:16 AM MST | March 4, 2013 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 12 out of 20 this week. Thus, we continue to post a yellow banner. Consumer confidence up 11.2 points, to 69.6 Fourth-quarter GDP up 0.1% annual pace (upwardly revised) Personal income down 3.6%; up 0.6% year-on-year (YOY) (real DPI) Consumer spending up 0.2%; up 2.0% YOY (real) New home sales up 15.6%; up 28.9% YOY Construction spending down 2.1%; up 7.1% YOY ISM manufacturing up 1.1 points to 54.2 Durable goods orders down 5.2%; down 0.5% YOY Texas Mfg. Survey down 3.3 points, to 2.2...

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