Chemical Industry Shows Strength
The prospects for the chemical industry are strong according to the Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC). The CAB ticked up 0.1 percent in July following a flat reading in June and a 0.2 percent gain in May. Gains during the second quarter averaged 0.2 percent [...]
Chemical Production Recovered In May
According to the Global Chemical Production Regional Index (Global CPRI), global chemicals production rose 0.5 percent in May after revised flat performance in April, as measured on a three-month moving average (3MMA) basis. During May, production increased in North America, Western Europe, Central & Eastern Europe, Africa & the Middle East, and the Asia-Pacific region [...]
U.S. Manufacturing Activity Reaches a 3-year High
According to the latest Manufacturing ISM® Report On Business®, economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 97th consecutive month, representing the highest reading since August 2014. The Institute for Supply Management’s purchasing managers index for US manufacturing June’s index reading was 57.8, up from May’s reading [...]
Manufacturing Sector Growths for Ninth Consecutive Month
Manufacturing activity sector expanded in May, and the overall economy grew for the 96th consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The monthly poll registered a Purchasing Managers’ Index of 54.9 percent, which was above April’s level and, at more than 50 percent for the ninth [...]
