Recession Confirmed

Overall production in the industrial sector has been declining throughout the year and in October was 5.2% below year-ago levels, with durables down 6.8% and nondurables off 3.6%. Automotive production dropped 21% in October versus the prior year, and aerospace equipment output fell 16%. Chemicals production declined 6.4%, but petroleum refining output gained 0.4%. Capacity utilization has fallen in all major manufacturing industries. Overall manufacturing capacity rates were 73.8% in October, compared to 78.7% at the end of the first quarter. In chemicals...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers