Indicator Rebounds

The leading indicator for the chemical industry advanced in May, following a sharp drop in April. The gain was driven by a rebound in the average chemical industry stock price and an 8% rise in housing starts, analysts say. The indicator is below levels reached at the beginning of the year, however. The housing industry is still in a recession, despite the indicator’s recent rise, analysts say. Single-family home construction is declining, with demand still in a slump, they say. New and existing unit sales are falling and the inventory of unsold houses is...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers