The US chemical production regional index (CPRI) rose by
0.2% in October on a month-on-month basis, the American
Chemistry Council (ACC) said on Wednesday, following an
upwardly revised 0.3% increase in September.
Chemical production rose in all regions except the
Mid-Atlantic, Northeast and West Coast, which declined.
Based on a three-month moving average, output of the
nations overall manufacturing sector posted a 0.5%
decline in October, following a 0.2% decline in
Within the manufacturing sector, output in several key
chemistry end-use markets increased, including appliances,
aerospace and structural panels.
Manufacturing continues to weaken as investment drops ahead of
uncertainty around the resolution of the fiscal cliff.
When measured on a three-month moving average basis,
chemical production was mixed. Gains in the output of organic
chemicals, plastic resins, consumer products, coatings,
adhesives, and other specialty chemicals were offset by lower
production of pesticides, fertilizers, manmade fibers,
synthetic rubber industrial gases, and pharmaceuticals.
Compared to October 2011, total chemical production in all
regions was off by 0.2%, following a 0.2% year-over-year
decline in September. The year-over-year comparisons were ahead
in the Gulf Coast and Ohio Valley regions, and those
comparisons have improved.
In contrast, year-over-year comparisons remained negative in
the Midwest, Mid-Atlantic, Southeast, Northeast and West Coast
regions. On a year-to-date basis, chemical production is
up 0.1% nationally, with only the Ohio Valley region ahead.