The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), has demonstrated consecutive growth over the past four months in its latest review.
Sequentially, it expanded 0.6% in April, 0.8% in May, 0.7% in June and 0.4% in July. Overall, and accounting for adjustments, the CAB remains 2.6% above this time last year – generally an improvement over prior months.
ACC’s Chief Economist Kevin Swift reflected on the upswing in results and stated, “The CAB is signaling higher US business activity into 2017 and that recent unpleasantness in the goods economy may be approaching its end.”
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