US plastics, rubber products output rose in January – Fed

15 February 2013 16:56  [Source: ICIS news]

HOUSTON (ICIS)--US output of plastics and rubber products rose 0.5 index point in January from December while chemicals production decreased 0.9 index point, the Federal Reserve Board said on Friday.

The plastics and rubber products output index rose to 94.9 in January from 94.4 December, the highest it has been in six months.

The chemicals production index dropped to 88.4 in January from 89.3 in December.

All figures provided by the Fed are on a seasonally adjusted basis.

Reflecting the static output for chemicals last month, the Fed said that the sector’s capacity utilisation rate fell 1.0 index point in January from December, with 77.8% of the nation’s chemicals productive capacity at work.

Plastics and rubber capacity utilisation remained unchanged at 79.2%.

Across the economy, the Fed reported that US industrial production edged down 0.1% in January after having risen 0.4% in December. In January, manufacturing output decreased 0.4% following upwardly revised gains of 1.1% in December and 1.7% in November.

For Q4 2012, the Fed estimated that manufacturing production rose 1.9% at an annual rate. Previously, the increase was reported to have been 0.2%.

The Federal Reserve Board is the US central bank.

By: Jeremy Pafford
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly