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ACC's Chemical Activity Barometer posts January increase

8:54 AM MST | January 28, 2014 | Lindsay Frost

ACC today released its monthly chemical activity barometer (CAB), showing continued growth and an improving US economy. The January CAB ticked up to 94, increasing 0.2% over December on a 3-month moving average (3MMA) basis. This marks the ninth consecutive monthly gain for the CAB, which is now up 2.6% from a year ago. However, growth is at a more moderate pace since the 0.4% gain last seen in September 2013, ACC says. "Slow and steady isn't a bad thing when you consider the alternative," says Kevin Swift, chief economist at ACC. "This recovery...

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