ACC today released its monthly chemical activity barometer (CAB)—noting that the CAB reached its highest level since March 2008. On a three-month moving average basis, the April CAB grew 0.5% over March and 3.2% year-on-year, to 95.2, suggesting further positive momentum in the US economy in months ahead, ACC says. Including seasonal adjustments and the unusually harsh winter skewing earlier data, the April CAB reflects upward revisions for January, February, and March of 0.1 point, 0.2 point, and 0.1 point, respectively. “After an economic deep...
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