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ACC CAB grows for 10th consecutive month

8:37 AM MDT | May 21, 2013 | Lindsay Frost

ACC's monthly chemical activity barometer (CAB) shows 0.1% growth over April on a 3-month moving average (3MMA) basis. The gain is the 10th consecutive month of increases in the CAB, following downward revisions for March and April of 0.4% for both months, ACC says. Expansion was seen in the production of plastic resins for consumer and institutional applications, which suggests further consumer-driven economic gains, ACC says.  “On a year-over-year basis, the barometer is up 3.1% over May 2012,” says Kevin Swift, chief economist...

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