April 2021 Chemical Activity Barometer Index Continues To Improve
from the American Chemistry Council
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC),rose 0.7% in April on a three-month moving average (3MMA) basis following a 1.1% increase in March and a 0.9% gain in February. On a year-over-year (Y/Y) basis, the barometer rose 12.0% in April (3MMA).
The unadjusted data show a 0.3% increase in April following a 1.4% gain in March. The diffusion index reached 100% in April. The diffusion index marks the number of positive contributors relative to the total number of indicators monitored. The CAB reading for March was revised downward by 0.35 points and the reading for February was revised downward by 0.58 points. The April data are provisional and subject to revision.
Chemical Activity Barometer Rises In April
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WASHINGTON, April 27, 2021 /PRNewswire/ The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), rose 0.7% in April on a three-month moving average (3MMA) basis following a 1.1% increase in March and a 0.9% gain in February. On a year-over-year (Y/Y) basis, the barometer rose 12.0% in April (3MMA).
Source: American Chemistry Council
The unadjusted data show a 0.3% increase in April following a 1.4% gain in March. The diffusion index reached 100% in April. The diffusion index marks the number of positive contributors relative to the total number of indicators monitored. The CAB reading for March was revised downward by 0.35 points and the reading for February was revised downward by 0.58 points. The April data are provisional and subject to revision.
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, Director of Economics and Statistics for the American Chemistry Council, in his article âOil Is in Everything, From Shampoo to Vitamins,â pointing out that, because plastics (which are petroleum products) are lighter than metals, they have helped to create cars that save 26% in fuel, according to a 2005 European study on conversion to plastic materials in Europe
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Chemical Activity Barometer Up Slightly In March prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Chemical Activity Barometer Rises In February
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WASHINGTON, Feb. 23, 2021 /PRNewswire/ The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), rose 1.0% in February on a three-month moving average (3MMA) basis following a 1.8% increase in January. On a year-over-year (Y/Y) basis, the barometer rose 1.3% in February.
Source: American Chemistry Council
The unadjusted data show a 0.3% gain in February following a 2.0% increase in January. The diffusion index eased to 77% in February. The diffusion index marks the number of positive contributors relative to the total number of indicators monitored. The CAB reading for January was revised upward by 0.90 points and that for December was revised downward by 0.03 points. Keep in mind that the February data are provisional and subject to revision.