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ACC's economic outlook for the week ended 3 January 2014

10:12 AM MST | January 6, 2014 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators was 17 out of 20 this week. Thus, we continue to post a green banner. Consumer Confidence up 6.1 points to 78.1 Personal Income up 0.2%; up 2.3% Y/Y Consumer Spending up 0.5%; up 3.5% Y/Y New Home Sales down 2.1%; up 16.6% Y/Y Construction Spending up 1.0%; up 5.9% Y/Y ISM Mfg. down 0.3 points to 57.0 JP Morgan Global Manufacturing up rose 0.2 points to 53.3 Texas Manufacturing Outlook Survey up 1.2 points to +3.1 BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a...

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