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Chemical Week Magazine :: Departments :: Leading Indicators

Indicator Falls

6:23 AM MDT | August 28, 2008 | Arnold Pearlman

The leading indicator for the chemical industry dropped 0.7% in February, following a slight gain in January. The indicator is now back at December levels. The average chemical industry stock price, along with the rest of the stock market, has declined in recent months. That has contributed to the near-term sluggishness of the indicator, analysts say. However, the equity-share price of chemicals has been more resilient than the overall stock market, analysts say. Analysts predict a short-term period of stagnation in chemical production, but say that an extended...

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