Global Chemical Production Starts Q4 Soft
The American Chemistry Council’s Global Chemical Production Regional Index (Global CPRI) started on a soft note in Q4.
The American Chemistry Council’s Global Chemical Production Regional Index (Global CPRI) reportedly shows that the fourth quarter of 2016 started on a soft note, with the index for October showing no gain or loss on a three-month moving average (3MMA) basis. This follows a slight decline in September and six months of relatively stable activity after fairly good gains last year.
During October, chemical production increased in North America, Europe and Africa and the Middle East but fell in the Asia-Pacific region The Global CPRI was up 0.8% year-over-year on a 3MMA basis and stood at 108% of its average 2012 levels in September.
During October, capacity usage in the global business of chemistry declined 0.1 percentage points to 78.4%. This is off from 80.5% last October and is below the long-term (1987-2015) average of 89.1%.
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