ACC's economic outlook for the week ended 28 September 2012

MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 14 out of 20 this week. Thus, we continue to post a green banner. Consumer Confidence up 9.0 points, to 70.3 Personal Income up 0.1%; up 1.8% year-on-year (YOY) (real DPI) Consumer Spending up 0.5%; up 2.0% YOY (real) New Home Sales down 0.3%; up 27.7% YOY Durable Goods Orders down 13.2%; down 7.2% YOY Chicago PMI down 3.3 points, to 49.7 Texas Manufacturing Survey up 3.6 points, to 10 CAB up 0.3%; up 1.8% YOY BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the...

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