Indicator Gains Again

The leading indicator gained 0.9% in November, its third consecutive monthly increase. The most consistently strong component of the indicator in the past few months has been the equity share price of chemical industry stocks. Over the past two months, the overall stock market, along with the chemical index, has been rising rapidly. New orders for manufactured products, an important component for the demand for chemical products, rose 2.1% for the most recent calculation. Bookings for construction materials and supplies fell, while durable consumer goods’...

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