Indicator Advances

The leading indicator for the chemical industry gained 0.3% in December, after falling 3.2% in November. Chemical output peaked in mid-2006 and has been on a downward slide for the past few months. The advance in the December indicator was the result of modest increases in the stock price for the chemical industry, along with the overall stock market, analysts say. Two of the most widely used financial barometers are pointing in opposite directions, however. Equity prices are rising, pointing toward higher corporate earnings, and therefore, a stronger economy...

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