Maintaining Momentum

The leading indicator for the chemical industry rose a strong 1.2% in February, the fourth consecutive gain. The indicator is at its highest level in nearly four years, although it remains about 5% below its early 2008 peak. The latest uptick in the indicator is the result of gains across a wide spectrum of underlying components. There was an upturn in the stock market, signaling that financial markets, at least for now, are optimistic about the future of both the economy as a whole and the chemical industry. Industrial production in the chemical-process...

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