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Chemical Week Magazine :: Departments :: Leading Indicators

Downward Spiral

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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Comments (1) for Downward Spiral
Someone placed a chart right in the middle of the text in the first paragraph.
Posted by Chris Allen on Tuesday, February 10, 2009 @ 05:57 PM

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