The American Chemistry Council (ACC) has issued its latest Chemical Activity Barometer (CAB) which demonstrated the greatest year-on-year gain since August 2014.
The October 2016 CAB showed a solid advance of 0.3% over the month, following an upwardly revised increase of 0.4% in September.
Overall, October’s CAB was up 4.2% compared to this time last year – a marked increase over earlier comparisons and a strong entry into the third quarter of 2016. All data is measured on a three-month moving average.
The CAB comprises of four primary components, each consisting of a variety of indicators such as production, equity prices, product prices and inventories, amongst other indicators.
In October, three of the four core categories for the CAB improved. On the whole, production-related indicators, product prices, and inventory were positive, whilst equity prices remained flat.
The next CAB will be released on 22nd November, 2016.