Chemical Activity Barometer Increased in March

Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: In Like a Lion: Leading Economic Indicator Logs Strong Year Over Year Growth; Marks Sixth Consecutive Gain The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), expanded 0.2 percent in March on a three-month moving average (3MMA) basis, its sixth consecutive gain following the 2017 hurricanes. The barometer remains up 3.8 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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