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Chemical Week Magazine :: Departments :: Leading Indicators

Output Grows

11:20 AM MDT | May 31, 2011 | —ARNOLD PEARLMAN

The leading indicator for the chemical industry rose in May, the tenth consecutive month. The indicator is 6.3% below the previous peak reached in August 2008, but 19.6% above the low hit in March 2009. Industrial production in chemicals bottomed out at the end of 2008 and is now about 8% above that low. In comparison, total manufacturing output is 13% above its recession low, with the output of durable goods ahead nearly 20% and nondurables 6.3%. The most comprehensive measure of economic activity, real GDP, is 4.9% above recession lows and slightly exceeds the...

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