Chemical Activity Barometer Rose In February
Retrieved on:
Tuesday, February 25, 2020
WASHINGTON, Feb. 25, 2020 /PRNewswire/ -- The Chemical Activity Barometer (CAB) , a leading economic indicator created by the American Chemistry Council (ACC), rose 0.4 percent in February on a three-month moving average (3MMA) basis following a 0.7 percent gain in January.
Key Points:
- WASHINGTON, Feb. 25, 2020 /PRNewswire/ -- The Chemical Activity Barometer (CAB) , a leading economic indicator created by the American Chemistry Council (ACC), rose 0.4 percent in February on a three-month moving average (3MMA) basis following a 0.7 percent gain in January.
- The diffusion index rose to 68 percent in February.
- The CAB is a leading economic indicator derived from a composite index of chemical industry activity.
- Due to its early position in the supply chain, chemical industry activity has been found to consistently lead the U.S. economy's business cycle, and this barometer can be used to determine turning points and likely trends in the broader economy.