Indicator Steady

The leading indicator for the chemical industry fell 0.1% in May, following a gain of 1.1% in April. The last time the indicator advanced was August 2008. The indicator plunged 22% between then and March 2009, while the output of the chemical industry fell 8.2%. The primary source of strength for the indicator in the past two months has been the average chemical industry stock price, which has advanced almost 35%. The other components of the indicator did not fare as well, however. Output in the chemical process industries fell 3.6% in April, with substantial...

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