By JJ Koczan2016-03-23T15:20:00+00:00
The Chemical Activity Barometer (CAB) expanded 0.1 percent in March following a revised 0.2 percent decline in February and 0.1 percent downward revision in January.
Accounting for adjustments, the CAB remains up 1.5 percent over this time last year, a marked deceleration of activity from one year ago when the barometer logged a 2.7 percent year-over-year gain from 2014. Data is measured on a three-month moving average.
In March, production-related indicators were better, with improvement in plastic resins used in packaging and strengthening construction-related resins, pigments and related performance chemistry.
Equity prices significantly gained in March, joined by a firming in product prices. Inventories were negative, but new orders appear to be steadying and turning around.
On an unadjusted basis the CAB jumped 0.9 percent, thus ending three consecutive monthly declines.
Created by the American Chemistry Council (ACC), the Chemical Activity Barometer has four primary components, each consisting of a variety of indicators:
According to a new market report published by Transparency Market Research the global oxygen therapy devices market was valued at $1.90bn in 2013 and is expected to grow at a CAGR of 5.7% from 2014 to 2020, to reach an estimated value of $2.80bn in 2020.
The recovery of the industrial gas business from 2012 through 2014 was strong, about six percent per year, driven by price and volume. The bright spots in the economy during this period included the manufacturing sector, a significant driver for the industrial gas industry.
The American Chemistry Council’s Global Chemical Production Regional Index (Global CPRI) shows that headline global production was flat during November on a three-month moving average (3MMA) basis. This follows two months of decline and fairly good gains last year.
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