ID
× COMMENTARY
Dorothy_LozowskiGetting ready
My local municipality recently mailed out a brochure titled “Are…
COVER STORYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More BUSINESS NEWSTECHNICAL & PRACTICALFEATURE REPORTFACTS AT YOUR FINGERTIPSTECHNOLOGY PROFILEENGINEERING PRACTICEEQUIPMENT & SERVICESFOCUSNEW PRODUCTS + Show More SHOW PREVIEWS

Comment Business & Economics

Global chemical production continue solid pace, ACC says

By Scott Jenkins |

The American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) shows that growth in global chemistry during August continued on a solid pace, but was weighed down by the effects of Hurricane Harvey. Global chemicals production rose 0.4 percent in August, easing from a 0.5 percent gain in July, as measured on a three-month moving average (3MMA) basis, ACC says. During August, production increased in Western Europe, Africa & the Middle East and the Asia-Pacific region but was soft elsewhere. The Global CPRI was up 3.1 percent year-over-year (Y/Y) on a 3MMA basis and stood at 111.5 percent of its average 2012 levels in August.

During August, capacity utilization in the global business of chemistry rose 0.1 percentage points to 80.7 percent. This is up from 80.3 percent last August and is below the long-term (1987-2016) average of 88.8 percent.

Results were generally positive on a product basis during August, with gains in pharmaceuticals, organic chemicals, plastic resins, manufactured fibers, coatings, and other specialty chemicals. Considering year-over-year comparisons, growth was strongest in coatings followed by pharmaceuticals and organic chemicals.

ACC’s Global CPRI measures the production volume of the business of chemistry 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 percent of the total global business of chemistry. 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 U.S. regional chemical production.

Related Content
Global CPRI starts Q3 on strong note, ACC says
The American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production…

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
Purdue University Saves $400,000 Annually with Local Vacuum Networks
Bag filter Housings/Vessels
Innovative Backwashable Media Filter
Automated Vertical Tower Filter Press
Visit VACUUBRAND at ACS in San Francisco!

View More

Live chat by BoldChat