The Profit Slump

The leading indicator for the chemical industry rose in August for the fourth consecutive month. The growth was driven in part by inflation, particularly in the petroleum and food sectors, analysts say. The indicator also rose on increased production of building materials, nonferrous metals, petroleum, plastics and rubber, as well as higher housing starts during the past two months. Paper was the only segment of the chemical processing industries to report production declines in August. The purchasing managers’ index fell in August as employment...

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