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WASHINGTON (December 11, 2018) – Data collected and tabulated by the American Chemistry Council (ACC) show global chemicals production improved slightly in October after stable activity in September. During October, production declined in North America, Latin America, and the former Soviet Union (FSU), but rose in Europe, Africa and the Middle East, and Asia-Pacific. After softness earlier in the year, the Global Chemical Production Regional Index (CPRI) was up only 0.6 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 October, capacity utilization in the global chemical industry eased 0.2 points to 83.6 percent. This is down from 85.9 percent last October 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.

Global CPRI chart1_1218

Global CPRI chart2_1218

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