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Chemical Week Magazine :: Departments :: Leading Indicators

Indicator Rose

9:46 AM MST | November 30, 2007 | Arnold Pearlman

The leading indicator for the chemical industry rose about 1% in November, after dropping 0.8% the previous month. An increase in share prices for the chemical industry was behind the advance. Other positive contributions to the rise in the indicator include housing starts and new orders for manufactured products, both of which posted small gains in October, reports say. Housing starts increased by 3%, from record lows in September, although future construction permits continued to decline. Sales of both new and existing homes are at extremely low levels, and...

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