The U.S. Chemical Production Regional Index increased by 0.2 per cent in October however chemical output increased at a slower pace throughout the country. On a production 3MMA basis, there were gains in the output trend in plastic resins, chlor-alkali, pesticides, organic chemicals, consumer products, and so on.
The American Chemistry Council has stated in a report that the Chemical Activity Barometer fell 0.4 % in October on a three-month moving average basis following stable activity during the third quarter.
The American Chemistry Council (ACC) has stated that the U.S. Chemical Production Regional Index (U.S. CPRI) fell by 0.9 per cent in July. In addition to this, the Mid-Atlantic, Northeast and West Coast regions witnessed the largest declines in terms of chemical output.
The Cab is a leading economic indicator derived from a composite index of chemical industry activity. The chemical industry has been found to consistently lead the U.S. economy’s business cycle, given its early position in the supply chain, and this barometer can be used to determine turning points and likely trends in the wider economy.
Data collected and tabulated by the American Chemistry Council (ACC) show that global chemicals production rose 0.1 % in January. This follows a 0.3 % gain in December, stable activity in November and a 0.1 % gain in October.
The American Chemistry Council’s Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production fell 0.3 % in March, following a 1.0 % drop in February, and a 0.6 % decline in January.