Postscripts & Corrections
Business & Economics :: Latest News
August 22, 2014
Tepid growth for global chemical production, ACC report says
The Global Chemical Production Regional Index (Global CPRI) from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com
) rose 0.1% in July on a three-month-moving-average (3MMA) basis.
The small gain indicates that “growth remained tepid at the start of the 3rd quarter,” the most recent ACC Chemistry and Economic Report says. Production gains occurred in North America, Africa & the Middle East, and the Asia-Pacific region, while contracting in Latin America and Europe.
Meanwhile, chemical production in the U.S. expanded by 0.4% in July on a 3MMA basis, after a downwardly revised 0.2% gain in June. “Chemical output remained ahead of previous month levels in all geographic regions,” the ACC report said.
Overall, the week’s economic reports were positive for the U.S., the ACC weekly report said, but noted that “while the U.S. economy has been showing signs of improvement, there are signals that growth in the rest of the world is halting.”
Our LinkedIn group is now over 28,000 members strong!
- Join other CPI professionals from all over the globe and share best practices, expertise, concerns and more.
- Provide feedback to Chemical Engineering Editors
Current members represent Worley Parsons, DuPont, SABIC, Fluor, Air Products, LyondellBasell, Nalco, Dow Chemical, Dow Corning, BASF, Jacobs Engineering, ExxonMobil, Shell, Chevron and more.
We also offer the following subgroup for more targeted discussions: