Heading Up

The leading indicator for the chemical industry rose 0.8% in December, its fifth consecutive monthly gain. There was a 0.9% drop in new orders for manufactured products in November, but that came on the heels of a 3% gain in October. On the whole, new orders are 12.5% ahead of last year, with orders for durables up 14.7%. Industrial production in the chemical-process industries advanced 0.7% in October and again in November. In November, the five industries in this component—building materials, paper, nonferrous metals, rubber and plastics products, and...

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