HOUSTON (ICIS)--The US Chemical Production Regional Index (CPRI) increased by 0.6% in April over March and 2% over last year, the American Chemistry Council (ACC) said on Thursday.
Measured on a three-month moving average (3MMA), the CPRI increased in all seven tracked US regions, with the southeast US leading at a 0.8% increase. The Ohio Valley and Gulf coast regions gained 0.7% and 0.6% respectively, and the other four regions gained 0.5%.
Overall chemical production was mixed, with gains in production of chlor-alkali and other inorganics, synthetic dyes and pigments, industrial gases, consumer products, adhesives, organic chemicals, pharmaceuticals and coatings. Production declined in plastic resins, pesticides, fertilizers and manmade fibres, the ACC said.
Overall manufacturing production, also measured on a 3MMA, rose 0.6% in April. Output in several end-use markets expanded, including appliances, motor vehicles, aerospace, construction supplies, machinery, fabricated metal products, computers, semiconductors, plastic products, rubber products, plywood, printing, textile products and furniture, the ACC said.
April total chemical production rose year on year with increases shown in all regions. Chemical production in the first four months of 2014 rose 1.1% over the same period last year with six of the seven regions posting gains.
In March, the CPRI had shown a 0.8% year-on-year gain, which was later revised to a 1.4% increase. The March CPRI showed a 0.2% increase over February, with growth in six out of seven regions.
In February, the CPRI had shown a 0.4% year-on-year gain, later revised to a 0.8% increase.
The US chemistry industry is estimated to be a $770bn enterprise. The CPRI was developed to track chemical production activity in the seven regions of the US and is based on information from the US Federal Reserve, the ACC said.