Indicator Advances

The leading indicator for the chemical industry rose 1.5% in December and is now 5% above the most recent low in July. Since that low point, output of chemical products has gained 5.5%, compared with a 3% rise for overall manufacturing. For the most recent calculation of the indicator, there was a rebound in the equity price index for chemicals, following a drop in November. Since early 2009, the average chemical industry share price has grown nearly 42%. Chemical industry profits rose about 82% through the first half of 2009, according to the Bureau of Economic...

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