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WASHINGTON (October 24, 2018) –The American Chemistry Council’s Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production was stable in September after falling back 0.3 percent in August. During September, production declined in the former Soviet Union (FSU) but rose in Africa and the Middle East. Elsewhere, activity was flat. After softness earlier in the year, the Global CPRI was up only 0.8 percent year-over-year (Y/Y) on a three-month moving average (3MMA) basis and stood at 115.6 percent of its average 2012 levels.

During September, capacity utilization in the global chemical industry eased 0.3 points to 83.7 percent. This is down from 85.7 percent last September and below the long-term (1987-2017) average of 86.5 percent.

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 are the only timely source of market trends for the global chemical industry and are comparable to the U.S. CPRI data, a timely source of U.S. regional chemical production.

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