04 November 2013 17:40 [Source: ICIS news]
HOUSTON (ICIS)--US chemical production continued to decline in September, falling 0.4% month over month after dropping a revised 0.2% in August as producers braced for October’s federal government shutdown, according to the American Chemistry Council (ACC).
Meanwhile, the US Commerce Department on Monday announced that new factory orders fell in September 0.2% when transportation items are excluded. Inventories also increased 0.4% as businesses dealt with the possibility of a federal government shutdown, which did occur and lasted from 1-16 October due to a budget impasse.
Including transportation orders, new factory orders increased 1.7% in September, following a decrease in August of 0.1%.
In its monthly US Chemical Production Regional Index (CPRI), the ACC said all seven of the regions it tracks showed declines in September.
On a three-month moving average (3MMA), US manufacturing output crept higher by 0.1% in September after increasing 0.2% in August, the ACC said.
Output growth was measured in key chemistry end-use markets such as motor vehicles, construction materials, plastic and rubber products, and furniture.
On a 3MMA, output of organic chemicals, synthetic rubber, manmade fibres, adhesives and fertilizers grew, while lower production was recorded in inorganic chemicals, pharmaceuticals, acids, consumer products and plastic resins.
Year over year, September chemical production was up 1.4% compared with a 1.8% increase year over year in August, the ACC said.
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