ACC CAB up in October, signaling strong fourth quarter
9:03 AM MDT | October 22, 2013 | Lindsay Frost
ACC says that its monthly Chemical Activity Barometer (CAB) increased 0.3% in October on a three-month moving average basis and remains up 3.1% year-on-year (YOY). The CAB remains at its highest point since June 2008, ACC says. “Despite the uncertainty being fueled by political gridlock in Washington, the fundamentals of our economy appear to be healthy,” says Kevin Swift, chief economist at ACC. “Production of plastic resins used in consumer applications appears actually to be strengthening, suggesting further gains...
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