Indicator Moves Higher

The leading indicator rose a healthy 0.4% in December, following a 2.3% surge in the previous month. The leading indicator had declined for three months in a row prior to this latest two-month gain. If the indicator maintains its momentum, it is likely that chemical production will begin to rebound in the coming months. Movement in the indicator has been dominated by gyrations in the stock market in second-half 2011, including precipitous declines and strong revivals. The latest increase in the index has taken place despite of a modest drop in chemical stock...

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