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American Chemistry Council Releases November 2011 Chemical Production Regional Index


Contact: Patrick Hurston (202) 249-6506  
Email: patrick_hurston@americanchemistry.com

Data shows chemical production was flat in November.

WASHINGTON, D.C. (January 4, 2012) – According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) was flat in November, following a revised 0.3 percent gain in October. Results were mixed within the different regions, with the Gulf Coast gaining while production slipped or was flat everywhere else.

Using a three month moving average, comparable to the U.S. CPRI, output of the nation’s overall manufacturing sector rose by 0.2 percent in November, following a 0.4 percent gain during October. Output in several key chemistry end-use markets rose, including structural panels, paper, rubber products, appliances, motor vehicles, aerospace, machinery, and construction supplies.

Also measured on a three month moving average basis, there were gains in production of organic chemicals, industrial gases, synthetic rubber, pesticides, coatings, adhesives, and other specialties. These gains were offset by declines in the production of consumer products, manmade fibers, fertilizers, and inorganic chemicals. Pharmaceutical output was flat.

Compared to November 2010, total chemical production in all regions was up 2.7 percent and remained ahead year-over-year in all regions. Compared to several months ago, year-over-year comparisons improved in several regions, including the Gulf Coast, Ohio Valley, and Southeast.

The chemistry industry is one of the largest industries in the United States, a $720 billion enterprise. The manufacturing sector is the largest consumer of chemical products, and 96 percent of manufactured goods are touched by chemistry.

The U.S. 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 U.S. CPRI is based on information from the Federal Reserve. To smooth month-to-month fluctuations, the U.S. CPRI is measured using a three-month moving average (3MMA). Thus, the reading in November reflects production activity during September, October and November.

Following a 0.4 percent gain in October, chemical production in the Gulf Coast region rose by 0.2 percent in November. Compared to a year ago, production was up 3.4 percent, but remained up 2.2 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 was flat in November, following a 0.2 percent gain during October. Compared to November 2010, Midwest chemical production was up 1.5 percent year-over-year, and up 1.6 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 slipped by 0.2 percent in November, following a revised 0.3 percent gain in October. Compared to November 2010, production in the region was up by 4.9 percent, and up 3.5 percent on a year-to-date basis.

In the Mid-Atlantic region, where pharmaceutical manufacturing is prominent, chemical production slipped by 0.1 percent in November, following a revised 0.3 percent decline in October. Mid-Atlantic chemical production was up 1.1 percent compared to November 2010, and up 1.4 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 was flat in November, following a revised 0.4 percent gain in October. Southeast region chemical production was up 3.7 percent year-over-year, and up 2.7 percent on a year-to-date basis.

In the Northeast region, which is influenced by pharmaceutical manufacturing and other specialty chemical manufacturing, chemical production slipped 0.2 percent in November, following a 0.3 percent gain during October. Compared to November 2010, Northeast region chemical production was up 2.6 percent, and up 2.5 percent on a year-to-date basis.

In the West Coast region, chemical production fell 0.1 percent in November, following a revised 0.2 percent gain in October. Chemical production in the West Coast region was up 0.7 percent from last year, and up 1.1 percent on a year-to-date basis.

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