ACC's CAB ticks up for seventh consecutive month

ACC’s monthly Chemical Activity Barometer (CAB) increased for a seventh consecutive month—posting a 0.6% gain over January, to 92.1, and indicating a slow-growing US economy, ACC says. The CAB is measured on a 3-month moving average (3MMA) basis, and year-on-year the February CAB increased 2.9%. “The increase in chemical industry activity continues to be a good sign for the overall health of the economy,” says Kevin Swift, chief economist at ACC. “But uncertainty is still present, and the impending sequester is likely to stifle...

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