Postscripts & Corrections
Only on Che.com :: Latest News
December 21, 2012
Chemical production slips globally; U.S. flat, says ACC
Overall production of chemicals, as measured by the Global Chemical Production Regional Index (Global CPRI), slipped 0.3% in November, while chemical production in the U.S. was flat, according to data from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com
In its last Weekly Chemistry and Economic Report of 2012, ACC said the November decline in the Global CPRI followed stable activity in October, and prior to that, a string of gains over the past 10 months. However, the index is still up 3.1% over last year, on a three-month-moving average (3MMA) basis.
Meanwhile, the U.S. CPRI was flat in November, following a revised 0.1% increase in October, the ACC report said. Chemical production rose in all regions except the Gulf Coast, the largest chemical-producing area in the country.
In the report, ACC also discussed its most recent (December) Chemical Activity Barometer (CAB), a leading macroeconomic indicator. “The CAB was stable after four months of gains on a 3MMA basis,” said ACC. The CAB “continues to signal a subpar, but expanding, economy in 2013,” ACC added, but economic uncertainty due to the so-called Fiscal Cliff and other factors is manifesting itself in the real economy.
Our LinkedIn group is now over 16,000 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: