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ACC's indicator grows for fourth consecutive month

1:53 PM MDT | October 23, 2012 | Lindsay Frost

ACC's October chemical activity barometer (CAB) showed a strong 0.6% increase—the fourth consecutive monthly gain. ACC says the improving CAB is driven by rises in construction-related indicators which suggests that the US housing recovery is sustainable and consumer confidence is improving, though risks in certain areas still remain. “The strong growth witnessed this month was driven in particular by rising activity in construction-related plastic resins, coatings, pigments, and other chemistry and is consistent with reports last week that...

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