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ACC CAB up on stronger equity prices

6:28 AM MDT | April 4, 2014

Although winter weather continued to undermine the economy, ACC says equity prices in the chemical industry drove the monthly chemical activity barometer up—showing a 0.3% gain over March on a three-month moving average basis. ACC says this gain points to modest but continued growth through the fourth quarter. Year-on-year, the CAB is up 2.5%, and the February number was revised upwards slightly, to 94.4, ACC says. Within the four primary components of the CAB, results are mostly positive, ACC says. Production, equity prices, and new orders are up, while...

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