Economy Rebounds

Surging equity prices in October pushed the leading indicator higher in November. The indicator remains 0.8% below the most recent peak attained in May 2011. The sharp swings in the stock market have not been reflected in the broader economy, at least not in sectors that are important for the chemical industry’s leading indicator. Output in the chemical process industries, an important component of the leading indicator, was stable for the latest calculation. Production fell in construction materials, primary metals, and petroleum refining. This was...

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