The American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) rose for October by 0.4% on a three-month-moving-average basis, according to the ACC’s latest Weekly Chemistry and Economic Report. The data show the 4th quarter “starting on a good note,” the ACC report says.
The Global CPRI rose in the following regions: North America, Central & Eastern Europe, Africa & the Middle East, and the Asia-Pacific region. The Index was flat in Western Europe and declined in Latin America, the ACC report says.
The Global CPRI is up 3.2% over last year at the same time.
In other economic indicators, production of major plastic resins in the U.S. totaled 6.3 billion pounds during October of this year. The amount is 1.5% lower than the same month last year, the ACC report says.
The latest ACC report also included data on the performance of chemical equities. The S&P index for chemical companies rose by 2.1% in November, the ACC report says, while the benchmark S&P 500 Index edged higher (0.1%) in November.