CAB FLAT IN FEBRUARY, ACC SAYS

chemeng online | February 27, 2019

The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), posted a 0.0 percent change in February on a three-month moving average (3MMA) basis. On a year-over-year (Y/Y) basis, the barometer is up 0.2 percent (3MMA). The unadjusted measure of the CAB rose 0.2 percent in February and 0.1 percent in January after a 0.2 percent decline in December. The diffusion index rebounded to 65 percent in February, up from 53 percent in January. This index marks the number of positive contributors relative to the total number of indicators monitored. “The Chemical Activity Barometer reading was essentially flat in February following three months of decline,” said Kevin Swift, chief economist at ACC. “The cumulative drop was 1.0 percent – still well below the 3.0 percent threshold for a recession signal. The latest CAB signals gains in U.S. commercial and industrial activity through mid-2019, but at a slower rate of growth as compared with a year earlier.”

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PRODUCTS AND TECHNOLOGIES

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CHEMICAL MANAGEMENT

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