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American Chemistry Council Releases February 2011 Chemical Production Regional Index

Contact: Jenny Heumann (202) 249-6520  
Email: jenny_heumann@americanchemistry.com

Data shows chemical production continues to improve in all regions

WASHINGTON, D.C. (March 30, 2011) – According to the American Chemistry Council (ACC), the Chemical Production Regional Index (CPRI) rose 0.9 percent in February, following an upwardly revised 1.2 percent gain in January, as chemical production increased in all regions with the largest gains in the Gulf Coast, Ohio Valley, and Southeast regions.

Output of the nation’s manufacturing sector was up 0.5 percent in February following a 0.9 percent gain during January. Output grew in many key-end use markets for chemistry products, including computers and electronics, motor vehicles, furniture, textile products, paper and printing.

Output of chemical products slipped in February following three months of gains. Recent data for February show gains in the production of consumer products, synthetic rubber, artificial fibers, inorganic chemicals, industrial gases, synthetic dyes and pigments, other specialties, coatings, and adhesives. These gains were partially offset by declines in the production of pharmaceuticals, organic chemicals, plastic resins, pesticides, fertilizers.

Compared to February 2010, total chemical production in all regions was up 1.8 percent and was up year-over-year in all regions. Over the past few months, year-over-year comparisons have been improving in all regions with broad-based gains across the manufacturing sector and favorable conditions for US exports. On a year-to-date basis, U.S. chemical production was up 1.4 percent.

The chemistry industry is one of the largest industries in the United States, a $674 billion enterprise. The manufacturing sector is the largest consumer of chemical products, and 96 percent of manufactured goods are touched by chemistry.

The CPRI was developed by Moore Economics to track chemical production activity in seven regions of the United States. It is comparable to the U.S. industrial production index for chemicals published by the Federal Reserve. To smooth month-to-month fluctuations, the CPRI is measured using a three-month moving average (3MMA). The reading in February reflects production activity during December, January, and February.

 

Following a revised 1.3 percent increase in January, chemical production in the Gulf Coast region rose by 1.3 percent in February. Compared to a year ago, production was up 3.1 percent, and up 2.6 percent on a year-to-date basis. The Gulf Coast region is dominated by the production of key building block materials, such as petrochemicals, inorganics, and synthetic materials.

In the Midwest region, which is influenced by production of agricultural chemicals, plastics, paints, and other chemical products, chemical production rose 0.7 percent in February, following a 1.0 percent gain in January. Compared to February 2010, Midwest chemical production was up 1.2 percent year-over-year, and up 0.8 percent on a year-to-date basis.

In the Ohio Valley region, which is largely influenced by production of basic chemicals, plastics and synthetic rubber, coatings, and consumer products, chemical production rose 1.0 percent in February, following a revised 1.3 percent gain in January. Compared to February 2010, production in the region was up by 1.9 percent, and up 1.7 percent on a year-to-date basis.

In the Mid-Atlantic region, where pharmaceutical manufacturing is prominent, chemical production was up 0.6 percent in February, following a 0.9 gain in January. Mid-Atlantic chemical production was up 0.9 percent compared to February 2010, and up 0.5 percent on a year-to-date basis.

In the Southeast region, which is influenced heavily by production of basic chemicals, fibers, agricultural and other chemical products, chemical production increased 0.8 percent in February, following a revised 1.3 percent gain in January. Southeast region chemical production was up 1.8 percent year-over-year, and up 1.5 percent on a year-to-date basis.

In the Northeast region, which is influenced by pharmaceutical manufacturing and other specialty chemical manufacturing, chemical production rose 0.6 percent in February, following a revised 1.0 percent increase during January. Compared to February 2010, Northeast region chemical production was up 1.0 percent, and up 0.6 percent on a year-to-date basis.

In the West Coast region, chemical production was up 0.5 percent in February, following a revised 0.9 percent gain in January. Chemical production in the West Coast region was up 0.7 percent from last year, and up 0.2 percent on a year-to-date basis.

The Chemical Production Regional Index (CPRI) was developed by Moore Economics to track chemical production activity in seven regions of the United States. It is comparable to the U.S. industrial production index for chemicals published by the Federal Reserve. The CPRI is based on information from the Federal Reserve.

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