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WASHINGTON (January 7, 2019) – Data collected and tabulated by the American Chemistry Council (ACC) shows that global chemicals production rose slightly (by 0.1 percent) in November 2018 after a similar gain in October and weak activity in August and September. During November, production gained in North America, Latin America, the former Soviet Union (FSU), Africa and the Middle East, and Asia-Pacific, but fell in Europe. With softness earlier in the year, the Global Chemical Production Regional Index (CPRI) was off 0.1 percent year-over-year (Y/Y) on a three-month moving average (3MMA) basis and stood at 115.9 percent of its average 2012 levels.

During November, capacity utilization in the global chemical industry eased 0.1 points to 83.1 percent. This is down from 86.0 percent last November 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 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.

Chemical Production January 2018 i

Chemical Production January 2018 ii


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