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Consumer Confidence Up says ACC

But uncertainty in Washington will put a drag on the economy.

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By: TOM BRANNA

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The American Chemistry Council’s (ACC) monthly Chemical Activity Barometer (CAB) released today continued to show a slowly expanding U.S. economy, increasing 0.6% over January on a three month moving average (3MMA) basis. The year over year 3MMA showed a 2.9% gain over February 2012. The CAB is a leading economic indicator derived from a composite index of chemical industry activity. Due to its early position in the supply chain, chemical industry activity leads that of the overall economy...

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