New Index Tracks Chemicals Sector

July 5, 2012 06:39 AM

The American Chemistry Council (ACC) has developed a new economic index to track U.S. economic conditions. The Chemical Activity Barometer (CAB) comprises indicators drawn from a range of chemicals and sectors including indicators relating to the production of chlorine and other alkalies, pigments, plastic resins and other selected basic industrial chemicals, including fertilizers; chemical company stock data; hours worked in chemicals; publicly sourced, chemical price information; end-use (or customer) industry sales-to-inventories; and several broader leading economic measures (building permits and new orders).

Click here for more information on the index.

The preliminary June data from the CAB showed a decrease of 1.3% over the previous month. This follows relatively strong gains during the early months of 2012. "After a relatively strong start to 2012, ACC's CAB is signaling a slowing of the U.S. economic recovery," said Dr. Kevin Swift, Chief Economist at ACC. "The CAB also appears to suggest that the long-anticipated U.S. housing market recovery is emerging, but the recovery will be slow. As we look at the remainder of 2012, the CAB points to a continued weakness in economic growth in the second half of the year."



Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer