Indicator Still Rising

The leading indicator for the chemical industry rose 0.5% in June, the third consecutive monthly advance, although it is still about 2% below the peak levels reached in August 2006. The indicator is almost 3% above its most recent low reached in January, but also 3% below the peak attained in March 2006. The average stock price for the chemical industry gained 3.6% for June, as the overall market advance pushed up nearly all sectors. New orders for manufactured products also gained for the month. Overall, they were up 0.3%, with durables up 0.8% and nondurables...

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