IHS Chemical Week

Fed On Course

9:14 AM MDT | July 6, 2012

The leading indicator for the chemical industry has declined for two consecutive months, another sign that the economy may be heading for slower growth. However, there caution should be used when interpreting the latest calculation of the indicator. A...

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Indicator Flat

The leading indicator for the chemical industry was unchanged in May after six consecutive monthly increases. In the last two months, production in several chemical segments has steadily declined, defying the trend in overall manufacturing output...

Positive Signs

The leading indicator for the chemical industry has risen for the sixth consecutive month. The index is now at its highest level since early 2008. Production of chemicals and allied products rose at a 7.6% annualized rate in the first quarter, compared with...

Still Rising

The leading indicator for the chemical industry gained 1% in March, the fifth consecutive advance. All of the indicator’s components contributed to the rise. Chemical stock prices advanced for the second month in a row. Industrial production in the...

Maintaining Momentum

The leading indicator for the chemical industry rose a strong 1.2% in February, the fourth consecutive gain. The indicator is at its highest level in nearly four years, although it remains about 5% below its early 2008 peak. The latest uptick in the indicator...

Steady Going

The leading indicator was flat for January, after two months of strong expansion. Output in the chemical process industries rose 0.4% in the latest month after falling slightly in the previous period. Production rose in nonferrous metals, rubber and plastics...

Indicator Moves Higher

The leading indicator rose a healthy 0.4% in December, following a 2.3% surge in the previous month. The leading indicator had declined for three months in a row prior to this latest two-month gain. If the indicator maintains its momentum, it is likely that...

Economy Rebounds

Surging equity prices in October pushed the leading indicator higher in November. The indicator remains 0.8% below the most recent peak attained in May 2011. The sharp swings in the stock market have not been reflected in the broader economy, at least not in...

Growth Accelerates

The U.S. economy grew 2.5% in the third quarter, up from 1.3% in the second quarter and 0.4% in the first. Consumer spending, which had slowed to 0.7% in the second quarter, grew 2.4%, with rebounds in outlays on durables and services. Nonresidential...

Indicator Drops Again

The October indicator dropped for a third consecutive month, primarily the result of last month’s 23% drop in share prices for chemicals. Looking at other components of the indicator, however, one does not get the impression that the economy is heading...

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