Article
Email Email Print Print
Clip Clip & File

Only on Che.com :: Latest News

March 29, 2013

ACC leading indicator rises for 8th consecutive month

Scott Jenkins

The chemical activity barometer (CAB), a macroeconomic leading indicator developed by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose in March on a three-month-moving-average (3MMA) basis. The March gain is the eighth consecutive monthly gain, and the CAB readings for November through February were each revised upward by 0.1 points. The CAB index stood at 92.5 in March, and is up 2.9% year-over-year, on a 3MMA basis, ACC says in its latest Weekly Chemistry and Economic Report. This is a slowing year-over-year comparison, ACC comments.
 
Commenting on the details of the CAB data, ACC said “production-related indicators rose,” and “rising activity in construction-related plastic resins, coatings, pigments and other chemistry suggests recovery in housing will continue but at a slower pace.”
 
Meanwhile, overseas, a number of industrial production reports in Europe and Asia were negative, the ACC report said.
 
 

Add a Comment

Name:
Email:
Comments:

Please enter the letters or numbers you see in the image. (refresh)
 
 

Related Stories

LinkedIn Groups

Our LinkedIn group is now over 28,000 members strong!

  1. Join other CPI professionals from all over the globe and share best practices, expertise, concerns and more.
  2. Provide feedback to Chemical Engineering Editors


Current members represent Worley Parsons, DuPont, SABIC, Fluor, Air Products, LyondellBasell, Nalco, Dow Chemical, Dow Corning, BASF, Jacobs Engineering, ExxonMobil, Shell, Chevron and more.

Join Now



We also offer the following subgroup for more targeted discussions:

Tools
Search the Buyers' Guide

Plant Cost Index

Facts at Your Fingertips (archive)

Ask the Experts

Back Issues
X
To access this area, please log in or create an account.
Username:
Password:
Forgot your password?
Request it now.
Processing...
Live chat by BoldChat