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Chemical Week Magazine :: Business & Finance :: United States/Americas

ACC Chemical Activity Barometer Signals Slow Growth

5:27 PM MDT | July 9, 2012 | —Robert Westervelt

ACC says its Chemical Activity Barometer (CAB), the association’s new macroeconomic indicator, declined 1.3% in June, signaling that the U.S. economy is slowing. ACC unveiled the indicator at its annual meeting in early June. “After a relatively strong start to 2012, the ACC’s CAB is signaling a slowing of the U.S. economic recovery,” says Kevin Swift, chief economist at ACC. “The CAB also appears to suggest that the long-anticipated U.S. housing market recovery is emerging, but the recovery will be slow.” Production-related...

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