The U.S. economy continues to improve, with forecasts now suggesting economic expansion into 2015, according to the American Chemistry Council’s (ACC) monthly Chemical Activity Barometer (CAB). The Chemical Activity Barometer is reportedly a leading economic indicator, shown to lead U.S. business cycles by an average of eight months at cycle peaks, and four months at cycle troughs.
The barometer increased 0.4% over August on a three-month moving average (3MMA) basis. The barometer is up 3.3% over a year ago, with the index itself at its highest point since June 2008. Prior CAB readings for April through August were all revised.