Chemical Activity Barometer Increased in February

Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: Industrial Activity Signals Further Gains in U.S. Economy he Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), expanded 0.5 percent in February on a three-month moving average (3MMA) basis , its fifth such solid gain following the 2017 hurricanes. On an unadjusted basis, growth was just 0.1 percent. The CAB is up 4.2 percent on a 3MMA compared to a year earlier . ... Applying the CAB back to 1912, it has been shown to......(read more)

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