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ACC reports highest gain in monthly CAB since 2008

11:19 AM MDT | September 24, 2013 | Lindsay Frost

ACC’s September chemical activity barometer (CAB) is at the 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 basis, the September reading increased 0.4% over August. Year-on-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...

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