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Chemical Week Magazine :: Departments :: Leading Indicators

Leading Indicator: Reversing Course

12:30 PM MST | December 1, 2009 | Arnold Pearlman

The leading indicator for the chemical industry dropped 0.8% in November, the first decline in four months. At the same time, industrial production in chemicals rose 0.3%, the reflection of previous gains in the indicator. Output in chemicals has advanced for five consecutive months and is now only 0.8% below year-ago levels. In contrast, production in the entire manufacturing sector remains 7.5% below last year’s results, with the output of durables down 11.7% and nondurables off 3.4%. The majority of leading indicator components were weak for the latest...

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