ACC: Economic indicator shows eighth straight gain
WASHINGTON – The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), featured another solid gain of 0.3 percent in November, following a gain of 0.3 percent in October and a 0.4 percent gain in September and August.
Accounting for adjustments, the CAB is up 4.2 percent over this time last year, a marked increase over earlier comparisons and the greatest year-over-year gain since August 2014. All data is measured on a three-month moving average. On an unadjusted basis the CAB climbed 0.3 percent in November, following a 0.2 percent gain in October.
The Chemical Activity Barometer has four primary components, each consisting of a variety of indicators: 1) production; 2) equity prices; 3) product prices; and 4) inventories and other indicators.
In November, three of the four core categories for the CAB improved. Production-related indicators, equity prices, and inventory were positive, while product prices were stable at best.
Comments