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Chemical Activity Barometer Sinks

Unadjusted data shows a 6.7% decline in April comes after a March slump.

The American Chemistry Council’s Chemical Activity Barometer (CAB) fell 5.5% in April on a three-month moving average (3MMA) basis following a downwardly revised 2.9% decline in March. On a year-over-year (Y/Y) basis, the barometer fell 7.3% in April.  The unadjusted data shows a 6.7% decline in April following an 8.9% decline in March and a 1.0% decline in February. The diffusion index slumped from 47% to 35% in April. The diffusion index marks the number of positive contributors relative to...

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