US chemical production falls 0.3% in August

27 September 2013 21:54  [Source: ICIS news]

HOUSTON (ICIS)--US chemical production fell 0.3% in August month over month but remained 1.2% higher than a year ago, the American Chemistry Council (ACC) said on Friday.

In its monthly US Chemical Production Regional Index (CPRI), the council said the mid-Atlantic, northeast and west coast regions improved year over year.

For the first eight months of 2013, chemical production across the US is up 0.8%.

Also, the ACC upwardly revised July’s chemical production to a 0.2% gain from an originally measured 0.1% decrease.

On a three-month moving average (3MMA) basis, overall chemical production was mixed, with gains measured in the output of pesticides, chlor-alkali, coatings, industrial gases and synthetic rubber, the ACC said. Lower production was recorded in organic chemicals, pharmaceuticals, acids, consumer products, plastic resins, adhesives, fibres and fertilizers.

On a 3MMA, the nation’s overall manufacturing production increased 0.2% in August, with growth measured in such key chemical end-use markets as semiconductors, furniture, rubber products, motor vehicles and construction supplies, the ACC said.

By: Jeremy Pafford
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