US chem activity barometer rises in March for sixth consecutive gain

20 March 2018 15:33 Source:ICIS News

HOUSTON (ICIS)--The American Chemistry Council’s (ACC) Chemical Activity Barometer (CAB) rose in March, its sixth gain in a row following the 2017 hurricane season, the trade group said on Tuesday.

Source: ACC

On a three-month moving average (3MMA) basis, the March CAB rose by 0.2% from February and was up by 3.8% compared to a year earlier.

Two of the CAB’s four main components, production and inventories, improved. Product prices and equity prices slipped, the ACC said.

Production-related indicators for March showed improvement following suppression from recent weather-related events.

The ACC noted positive gains in construction-related pigments as well as performance chemistries.

US exports also continues to rise, the ACC added.

The CAB is a leading economic indicator derived from a composite index of chemical industry activity.

By David Haydon