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ACC economic indicator survey forecasts continued US growth

8:09 AM MDT | June 25, 2013 | Lindsay Frost

ACC has released its chemical activity barometer (CAB) for May, showing continued US economic growth. The CAB increased 0.3% over May on a 3-month moving average basis—the 11th consecutive monthly gain—and is up 3.5% year-on-year. ACC says heightened production of plastic resins used in consumer and institutional applications continues to expand, which suggests further gains in the economy driven by the consumer. Last month's CAB showed 0.1% growth over April. "Virtually all production-related indicators strengthened in June," says...

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