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ACC's chemical barometer grows in April

8:39 AM MDT | April 23, 2013 | Lindsay Frost

ACC has released its chemical activity barometer (CAB) for March, showing that the US economy continues to grow slowly. On a 3-month moving average (3MMA) basis, the CAB increased 0.2% over March, to 93—the indicator’s ninth consecutive gain, after the March number was revised upward 0.1%. The year-on-year 3MMA was up 3.1% over April 2012, to 92.8. The CAB is an economic indicator derived from a composite index of chemical industry activity. "We're still seeing growth—albeit slow—and that's good news," says ACC director/economics...

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