U.S. Chemical Production Regional Index Rises in May
During May, chemical production reportedly grew in all regions except the Gulf Coast.
According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) edged higher by 0.2% in May, following revised 0.3% declines in April and March. During May, chemical production reportedly grew in all regions except the Gulf Coast.
Also measured on a 3MMA basis, chemical production was mixed, suggested to be due to gains in the production output trend of chlor-alkali, consumer products, other inorganic chemicals, pesticides, adhesives, coatings, pharmaceuticals, and fertilizers. These gains were reportedly offset by declines in the output trend in other specialty chemicals, industrial gases, plastic resins, synthetic rubber, manufactured fibers, and organic chemicals.