IHS Chemical Week

ACC reports highest gain in monthly CAB since 2008

11:31 AM MDT | September 24, 2013

ACC’s September chemical activity barometer (CAB) has reached its highest level since June 2008—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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