Second Quarter Shows Continued Rise In Global Chemicals Production

By Chemical Processing Staff

Jul 04, 2018

Data collected and tabulated by the American Chemistry Council (ACC) shows that the global chemical industry continued on a good note as the second quarter progressed. ACC’s Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production rose 0.9% in May and follows a 0.4% gain in April and drops in the first quarter. Note that all data are measured on a three-month moving average (3MMA) basis. During May, production gains were again across the board among regions. The Global CPRI was up 1.8% year-over-year (Y/Y) on a 3MMA basis and stood at 115.6% of its average 2012 levels in May.

During May, capacity utilization in the global chemical industry gained 0.4 percentage points to 84.9%. This is down from 85.6% last May and below the long-term (1987-2017) average of 86.4%. 

ACC’s Global CPRI measures the production volume of the chemical industry for 33 key nations, sub-regions and regions, all aggregated to the world total. 

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