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Chemical Week Magazine :: Business & Finance :: United States/Americas
ACC barometer at highest since 2008
7:00 AM MDT | May 30, 2014 | â€”Lindsay Frost
ACC says its chemical activity barometer (CAB), during April, reached its highest peak since February 2008 and had its strongest year-on-year (YOY) gain since September 2010. Measured on a three-month moving average basis, the CAB was up 0.8% over April and up 4.1% YOY. The data reflects upwards revisions for the previous five months, suggesting more than just a rebound from adverse winter months, ACC says. â€śThe index reveals that the underlying fundamentals are good,â€ť says Kevin Swift, chief economist at ACC. â€śBased on weekly data, production-related...
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