Data collected and tabulated by the American Chemistry Council (ACC) show that the global chemical industry continued on a good note as the second quarter progressed.
Washington/USA — ACC’s Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production rose 0.9 % in May and follows a 0.4 % gain in April and drops in the first quarter. All data are measured on a three-month moving average (3MMA) basis. During May, production gains were again across the board among regions. The Global CPRI was up 1.8 % year-over-year (Y/Y) on a 3MMA basis and stood at 115.6 % of its average 2012 levels in May.
During May, capacity utilization in the global chemical industry gained 0.4 %-points to 84.9 %. This is down from 85.6 % last May and below the long-term (1987-2017) average of 86.4 %.
ACC’s Global CPRI measures the production volume of the chemical industry for 33 key nations, sub-regions, and regions, all aggregated to the world total. The index is comparable to the Federal Reserve Board (FRB) production indices and features a similar base year where 2012=100. This index is developed from government industrial production indices for chemicals from over 65 nations accounting for about 98 % of the total global chemical industry. This data are the only timely source of market trends for the global chemical industry and are comparable to the US CPRI data, a timely source of US regional chemical production.