Tuesday, August 26, 2014

August 2014 Chemical Activity Barometer slowing a bit, but still grows

From the American Chemistry Council: 
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), continued to see moderated upward growth this month, with a 0.2 percent gain over July as measured on a three-month moving average (3MMA). This represented a deceleration from the 0.4 percent gain in July and an average gain of 0.5 percent for the first six months of 2014... 
 “Consistent with other recent economic reports, including the Conference Board and the Chicago Fed National Activity Index, the Chemical Activity Barometer continues to point to a slowly expanding U.S. economy, at least through the first quarter of 2015,” said Dr. Kevin Swift, chief economist at ACC."
It would sure be nice to have consistent signs of an expanding economy, but it doesn't look like we're there yet. Sigh.

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