U.S. Chemical Manufacturing increase marginally in September
Following a slow start to the year, U.S. chemical production stabilized with a modest 0.1% gain in September, according to the American Chemistry Council (ACC).
“Production increased in most regions, with the exception of Mid-Atlantic and Northeast regions where production declined.” said David Lan, ACC’s Director of Economics and Statistics.
“The chemical industry is a key economic bellwether, as American manufacturing depends on chemical inputs to support production across sectors - from electronics and energy to agriculture and autos,” Lan explained.
“Elsewhere in the world, most regions saw production decline in October with Europe and South America experiencing the largest decrease,” Lan added.