ACC Reports U.S. Chemical Production Expanded in July
WASHINGTON – The U.S. Chemical Production Regional Index (U.S. CPRI) rose 1.1% in July following a 3.5% gain in June and a 5.5% rebound in May, according to the American Chemistry Council (ACC). During July, chemical output rose in all regions, reflecting continued demand for chemistry products. The U.S. CPRI is measured as a three-month moving average (3MMA).
Chemical production was mixed in July (3MMA), with growth in the production of organic chemicals, fertilizers, adhesives, coatings, chlor-alkali, crop protection chemicals, synthetic rubber, other specialty chemicals and miscellaneous inorganic chemicals. These gains were offset by weakness in manufactured fibers and consumer products.