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WASHINGTON (April 5, 2019) – Data collected and tabulated by the American Chemistry Council (ACC) show that global chemicals production continues the year on a slow note, rising 0.1 percent in February. This follows a 0.2 percent gain in both January and December. During February, chemical production gained in Europe and Africa and the Middle East. Activity was flat in Latin America and Asia-Pacific and fell elsewhere. With softness earlier last year, the Global CPRI was up 1.7 percent year-over-year (Y/Y) on a three-month moving average (3MMA) basis and stood at 116.6 percent of its average 2012 levels.

During February, capacity utilization in the global chemical industry slipped 0.2 points to 83.1 percent. This is down from 84.8 percent last February and below the long-term (1987-2017) average of 86.4 percent.

Among chemical industry segments, February results were mixed on a product basis, with gains in inorganic chemicals, bulk petrochemicals and organics plastic resins, manufactured fibers, and other specialties offset by weakness in agricultural chemicals, consumer products synthetic rubber, and coatings. Considering year-earlier comparisons, growth was strongest in bulk petrochemicals and organics and plastic resins, followed by manufactured fibers and coatings.

ACC’s Global CPRI measures the production volume of the chemical industry for 33 key nations, sub-regions, and regions, all aggregated to the world total. The index is comparable to the Federal Reserve Board (FRB) production indices and features a similar base year where 2012=100. This index is developed from government industrial production indices for chemicals from over 65 nations accounting for about 98 percent of the total global chemical industry. This data set is the only timely source of market trends for the global chemical industry and is comparable to the U.S. CPRI data, a timely source of U.S. regional chemical production.

      cpri april 2019 i 

     cpri april 2019 ii

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