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March CAB ticks up for eighth consecutive month

8:54 AM MDT | March 26, 2013 | Lindsay Frost

ACC released its chemical activity barometer (CAB) for the month of March—showing a 0.4% increase in activity from February, to 92.5, on a 3-month moving average (3MMA) basis. The year-on-year (YOY) 3MMA grew 2.9% from March 2012. Also, CAB readings for November through February were each revised upwards by 0.1%, bringing February's YOY 3MMA to a 3% gain. This month is the eighth consecutive month of growth—a positive indicator for the future of the US economy. "We are beginning to see a slower year-over-year comparison, but overall the Chemical...

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