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ACC's CAB indicates strengthening US economy
1:29 PM MDT | August 27, 2013 | Lindsay Frost
ACC today released its monthly chemical activity barometer (CAB), indicating a 0.1% increase over July on a three-month moving average basis, marking the fourth consecutive monthly gain. Year-on-year (YOY), the CAB is up 3.8%—the largest YOY increase since September 2010, ACC says. ACC also says the index itself is at its highest point since June 2008. “As we approach the fourth quarter, the US economy seems to be making strides compared to the baby steps of earlier in the year,” says Kevin Swift, chief economist at ACC. “The chemical...
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