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May 23, 2014
Global and U.S. CPRIs rose in April, ACC says
Both the Global and the U.S. Chemical Production Index (CPRI) rose during April, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).
On a three-month-moving-average basis, the Global CPRI rose 0.3% in April, indicating a good start to the second quarter, the ACC report said, adding that production gains were observed in most regions except Latin America. The index is up 4.8% from this time last year.
Meanwhile, the U.S. CPRI was 0.6% higher in April, with all seven geographic regions seeing growth, the ACC report said. The April gain follows a 0.2% increase during the previous month. Compared to April of last year, total chemical production in all regions was ahead by 2.0%. With a gain of 0.8% in April, the Southeast region of the U.S. had the largest increase, following by the Ohio Valley Region at 0.7% and the Gulf Coast at 0.6%.
Other economic data discussed in the latest ACC report included the results from a survey of leading economic forecasters conducted by ACC. Regarding the expectations for 2015, the ACC report said the survey indicated a generally positive outlook for 2015.