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Chemical Week Magazine :: Departments :: Vital Statistics

Manufacturing Struggles

7:53 AM MDT | July 10, 2009 | Arnold Pearlman

Shipments of manufactured products fell 0.9% in May, the tenth consecutive monthly drop. Sales of durable goods were down a steep 2.5%, while nondurables advanced 0.7%. However, analysts say the gain in nondurables was most likely the result of inflation. The only industry exhibiting significant gains was petroleum, which posted price hikes of about 2.9% in May. The chemical industry managed to eke out a small gain for the month—shipments rose 0.7%, after declining 0.7% in April and 2.1% in March. Production in the manufacturing sector fell 1% for the...

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