In October, the American Chemistry Council (ACC)’s US Chemical Activity Barometer (CAB) rose but still decelerated compared to the previous month.
On a three-month moving average (3MMA) basis, October’s CAB climbed by 0.9% but still showing a deep deceleration compared to September’s 1.5% climb and August’s 2.6% gain.
On the yearly basis, the CAB was edged down by 3.3% this month.
Meanwhile, the unadjusted data only showed a 0.1% increase this month, after gaining by 0.8% in the previous month and a 1.9% jump in August.
The diffusion index went down to 59% from the previous month’s 65%.
Still, the sixth months of gain have shown consistent recovery in the US economy.
