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Chemical Week Magazine :: Business & Finance :: United States/Americas
ACCâ€™s CAB up for sixth consecutive month, grows 3% year-on-year
5:42 AM MST | January 25, 2013 | â€”Lindsay Frost
ACCâ€™s January 2013 Chemical Activity Barometer (CAB) posted a 0.4% gain over December 2012 on a 3-month moving average basis. This is the sixth consecutive month-to-month gain in the CAB, and year-on-year, the CAB increased 2.8%. Growth in the housing market contributed to the gain, says Kevin Swift, chief economist at ACC. â€śRecent data from the Commerce Department is bearing out what the CAB has been indicating for many months nowâ€”that an increasingly solid housing market continues to show signs of momentum and a return to normalcy,â€ť Swift says...
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