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EnviroTech :: Regulatory
ACC Chemical Activity Barometer Signals Slow Growth
1:55 PM MDT | July 6, 2012 | —Robert Westervelt
ACC says its Chemical Activity Barometer (CAB), the association’s new macroeconomic indicator, declined 1.3% in June, signaling that the U.S. economy is slowing. ACC unveiled the indicator at its annual meeting in early June. “After a relatively strong start to 2012, the ACC’s CAB is signaling a slowing of the U.S. economic recovery,” says Kevin Swift, chief economist at ACC. “The CAB also appears to suggest that the long-anticipated U.S. housing market recovery is emerging, but the recovery will be slow.” Production-related...
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