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ACC: CAB inches up over July

9:47 AM MDT | August 26, 2014 | Lindsay Frost

ACC today released its monthly chemical activity barometer (CAB), showing moderate growth over July. Measured on a three-month moving average basis, the CAB increased 0.2% over July, a deceleration from the 0.4% gain in July. Though the pace of growth has slowed, current gains have the CAB up a solid 4.3% year-on-year (YOY), and the barometer remains at its highest level since January 2008, ACC says. "Consistent with other recent economic reports, including the Conference Board and the Chicago Fed National Activity Index, the CAB continues to point to a...

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