US chemical production shows improvement
US chemical production rose by both a month-on-month and year-on-year basis in January, according to monthly figures from the American Chemistry Council (ACC).
Production rose by 0.4% in January from December, following a revised 0.2% gain in December, the ACC said.
Following several months of mixed results, chemical production rose in all seven key regions during January.
Output of the nations overall manufacturing sector rose by 0.7% in January, according to a three-month moving average of Federal Reserve data. This followed 0.6% gain in December 2011.
Within the manufacturing sector, output in several key chemistry end-use markets increased, including motor vehicles, construction supplies, computers, plastic products, paper, structural panels, machinery, printing, apparel, and furniture.
Gains in production of organic chemicals, industrial gases, inorganic chemicals, plastic resins, pesticides, and adhesives were also seen using the three-month moving average.
These gains were offset by declines in the production of consumer products, synthetic rubber, fertilizers, and pharmaceuticals.
Compared to January 2011, total chemical production in all regions was up 1.2% and remained ahead year-over-year in all regions except the Mid-Atlantic and West Coast.
Year-ago comparisons continue to weaken for the US as a whole, however, with all regions trending downward on a year-on-year basis, the ACC said.
For more details on the figures, including a statistical breakdown by region, visit the ACCs website by clicking here.
From the Archive