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Chemical Week Magazine :: Departments :: Leading Indicators

Indicator Rebounds

10:01 AM MDT | June 16, 2008 | Arnold Pearlman

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...

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