ACC reports highest gain in monthly CAB since 2008
11:31 AM MDT | September 24, 2013
ACCâ€™s September chemical activity barometer (CAB) has reached its highest level since June 2008â€”forecasting an upside to the US economy and economic expansion into 2015, ACC says. On a three-month moving average (3MMA) basis, the September reading increased 0.4% over August. Year-over-year, the CAB is up 3.3%. "This 0.4% jump is a real improvement in growth dynamics from the smaller, yet steady, increases we saw from March through August," says Kevin Swift, chief economist at ACC. "The Chemical Activity Barometer is showing a strengthening of some...
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