Reversing Course

The leading indicator for the chemical industry fell 0.4% in June, following ten consecutive months of advances. All indicator components weakened in the most recent calculation. The average chemical industry stock price was down in May, in contrast to the previous seven months when stock prices rose. Industrial production in the chemical process industries dropped 0.5% in May. Significant drops in paper production and petroleum refining offset modest improvements in building materials, rubber and plastics products, and nonferrous metals. New orders for...

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