ACC: "US Chemical Production Rose Slightly in July"

Via the American Chemistry Council: 

WASHINGTON (August 26, 2022) — The U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.2% in July following a 0.1% decline in June and a 0.4% gain in May, according to the American Chemistry Council (ACC). Chemical output was mixed across regions. The U.S. CPRI is measured as a three-month moving average (3MMA).

On a 3MMA basis, chemical production within segments was mixed in July. There were gains in the production of industrial gases, synthetic dyes and pigments, other inorganic chemicals, adhesives, coatings and other specialty chemicals, synthetic rubber, and crop protection chemicals. These gains were offset by lower production of plastic resins, organic chemicals, fertilizers and consumer products. 

Broadly an indication that the economy is growing, but moderately? We shall see.