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US recovery continues, but growth in May lower than Q1 - ACC

WASHINGTON (ICIS)--The US economic recovery continues, but the nation’s rate of expansion in May was slower than in the first quarter of this year, according to a key chemicals sector leading indicator issued on Tuesday.

The American Chemistry Council (ACC) said that its chemical activity barometer (CAB) for May showed a 0.1% gain on a three-month moving average basis to 92.6. 

Although razor-thin, that advance was enough to mark the tenth consecutive monthly gain for the barometer, the council noted.

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