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Chemical Week Magazine :: Departments :: Leading Indicators

Small Gain in Indicator

2:04 PM MDT | July 24, 2007 | Arnold Pearlman

The leading indicator for the chemical industry rose 0.2% in April, after falling 0.7% in the previous month. All of the major components of the leading indicator were positive for the latest period. A strong stock market helped to lift the average chemical company share price, and there was an unexpected rise in housing starts, analysts say. New orders for manufactured products rose 1% in April, following a 5.7% drop in the prior month. Orders for durables gained 1.7%, after falling 8.8% in the previous period. Orders for construction materials and supplies were...

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