ACC Reports Accelerated U.S. Chemical Production

By Chemical Processing Staff

Jan 30, 2015

According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) continues to expand, rising 0.8% in December following an upwardly revised 0.9% gain in November. Chemical output remains ahead of month ago levels in all regions.

Also measured on a three-month moving average (3MMA) basis, chemical production by segment is mixed. There are gains in the output of organic chemicals, chlor-alkali, synthetic rubber, coatings, synthetic dyes and pigments, industrial gases, consumer products, pesticides, adhesives and pharmaceuticals. These gains are partially offset by declines in the production of fertilizers, plastic resins, synthetic fibers, acids and other inorganic chemicals. 

Manufacturing activity is an important indicator for chemical production. Overall manufacturing growth slowed during the last month of the year, but the trend is for higher growth in the fourth-quarter. Production expanded in several chemistry-intensive manufacturing industries, including motor vehicles, construction materials, machinery, computers and electronics, structural panels, paper, printing, plastic and rubber products, apparel and furniture.

Compared to December 2013, total chemical production in all regions is ahead by 5.2% on a year-over-year (Y/Y) basis, a strengthening trend. Chemical production is up from a year ago in all regions.

For more information, visit: www.americanchemistry.com

 

 

 

 

 

 

 

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments