ACC Barometer Shows ‘Uptick’ in U.S. Growth, Mixed Trends

ACC released its monthly Chemical Activity Barometer (CAB) for August, suggesting slow U.S. economic growth for the remainder of the year. The August CAB advanced 0.4 percentage points, to 89.4, from the prior month—the second monthly increase in the CAB. “The August CAB data indicates gradual economic growth, similar to what we saw in July, driven primarily by improving equity prices and positive trends in construction and light vehicle-related chemical production,” says Kevin Swift, chief economist at ACC. “This uptick in growth follows three...

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