U.S. Chemical Production Starts New Year with Small Gain
The U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.3% in January.
The U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.3% in January, following a 0.6 percent gain in December 2018 and a 0.2% gain in November 2018, according to the American Chemistry Council (ACC). During January, chemical output rose across all regions, with the largest gains in the Gulf Coast region.
Chemical production was mixed over the three-month period. There were gains in the production three-month moving average output trend in inorganic chemicals, plastic resins, synthetic dyes and pigments, and other specialty chemicals. These gains were reportedly offset by declines in the output of fertilizers synthetic rubber, consumer products, manufactured fibers, adhesives, pesticides and coatings.