Indicator Rises

The leading indicator for the chemical industry rose nearly 3% in August, returning it to its highest level since January. Several factors contributed to the increase, including a gain in the average chemical industry stock price which was driven in part by higher corporate profits. Industrial production in the chemical-process industries grew in June and July, following seven months of steady declines. The output of building materials, paper, rubber and plastics products, and nonferrous metals all advanced. Production of refined petroleum products was the only...

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