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Chemical Week Magazine :: Departments :: Leading Indicators
12:24 PM MST | February 9, 2009 | ARNOLD PEARLMAN
The leading indicator for the chemical industry fell by more than 5% in January, its fifth consecutive monthly decline. All components of the indicator dropped in the most recent calculation. Production in the chemical process industries fell 3.4% in January, after falling at an annualized rate of 13.5% in the fourth quarter 2008. There were production declines in all five segments—building materials, nonferrous metals, paper, petroleum refining, and rubber and plastics. Orders have dropped for four consecutive months and are now 16.9% below their...
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