Indicator Up Again

The leading indicator for the chemical industry rose in January for the second consecutive month. Industrial production in the chemical process industries fell 0.5% in December 2006, and was down an annualized 5.3% for the fourth quarter of last year. Within the chemical-using sector, output was down in building materials, petroleum refining, paper, and rubber and plastics. Only nonferrous metals exhibited rising production levels. New orders for nondurable goods, construction materials and supplies, as well as consumer durables dropped in December, while total...

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