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Comment Business & Economics

Global chemical production starts Q2 on a good note, ACC says

By Scott Jenkins |

Data collected and tabulated by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) show that the global chemical industry started the second quarter on a good note. ACC’s Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production rose 0.4 percent in April following a drop in the first quarter.

Note that all data are measured on a three-month moving average (3MMA) basis. During April, production gains were across the board among regions. The Global CPRI was up 1.1 percent year-over-year (Y/Y) on a 3MMA basis and stood at 114.5 percent of its average 2012 levels in April, ACC says.

During April, capacity utilization in the global chemical industry gained 0.2 percentage points to 84.3 percent. This is down from 85.7 percent last April and below the long-term (1987-2017) average of 86.5 percent.

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 percent 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 U.S. CPRI data, a timely source of U.S. regional chemical production.

 

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