ACC Projects Long-Term Growth in Chemical Industry
WASHINGTON, DC – Following a strong fourth quarter in 2011, the U.S. economy started 2012 on firm ground with gains in consumer spending, manufacturing output and housing. Those positive gains appear to be eroding, according to the American Chemistry Council’s (ACC) Mid-Year 2012 Situation and Outlook.
The report finds that first- and second-quarter 2012 growth was weak and that underlying drivers will constrain growth for the remainder of the year.