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US Chemical Industry Expands at Steady Pace

According to the Chemical Activity Barometer.

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By: TOM BRANNA

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The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), has reached its highest peak since February 2008, while also posting its highest year over year gain since September 2010. Measured on a three-month moving average (3MMA), the CAB realized a healthy 0.8% gain over April, and is up a solid 4.1% over this time last year. The data reflect upward revisions for the previous five months, suggesting more than just a rebound from the adve...

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