USA: Market Study Global Chemical Production Expands During Q2 2018
According to data published by the American Chemistry Council (ACC), the global chemical industry closed the second quarter of 2018 on a good note.
Washington/USA — The ACC's Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production rose 0.4 % in June, following a 0.9 % gain in May and drops in the first quarter. The data collected in this publication are measured on a three-month moving average basis.
During June, production gains were again across the board among regions with Latin America stable. After softness earlier in the year, the Global CPRI was up only 0.7 % year-over-year (Y/Y) on a 3MMA basis and stood at 115.4 % of its average 2012 levels in June.
During June, capacity utilization in the global chemical industry gained 0.1 percentage points to 84.5 %. This is down from 86.2 % last June and below the long-term (1987-2017) average of 86.5 % .