Chemical Activity Barometer Shows Signs of Slower Economic Growth
The Chemical Activity Barometer (CAB) recently posted a 0.3% decline in January on a three-month moving average basis.
The Chemical Activity Barometer (CAB) recently posted a 0.3% decline in January on a three-month moving average (3MMA) basis. This reportedly marks the barometer’s third consecutive month-over-month drop and suggests a slower rate of U.S. economic growth. On a year-over-year (Y/Y) basis, the barometer is up 0.8% (3MMA), a pronounced slowdown in the pace of growth as compared with late last year.
The unadjusted measure of the CAB was flat (0%) in January and declined 0.2% in December 2018 and 0.8% in November 2018.