ACC today released its monthly chemical activity barometer (CAB)—with the indicator reaching its highest peak since February 2008, and its highest year-over-year (YOY) gain since September 2010. Measured on a three-month moving average basis (3MMA), the CAB posted a 0.8% gain over April and is up 4.1% YOY. The data reflects upwards revisions for the previous five months, suggesting more than just a rebound from adverse winter months, ACC says. “The index reveals that the underlying fundamentals are good,” says Kevin Swift, chief economist at...
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