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U.S. chemical industry activity barometer dips sharply in March

 Last Update: 2022-08-22
 Source: Internet
 Author: User

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The American Chemicals Council (ACC) announced on March 31 that the Chemical Industry Activity Barometer (CAB) index fell sharply in March

The US March three-month moving average (3MMA) index was at 120.
12, down 2.
6% month-on-month and 1.
3% year-on-year

The Chemical Industry Activity Barometer (CAB) index was 113.
15 in March, down 8.
0% in March, the largest drop since World War II, after falling 1.
1% and 1.
2% in February and January, respectively

"The CAB index signals recessionary conditions for U.
S.
business," said ACC Chief Economist Kevin Swift

ACC said the Chemical Industry Activity Barometer is a leading economic indicator derived from the Chemical Industry Composite Index

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