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ACC Chemical Manufacturing Economic Sentiment Index Findings - Q1 2024 

Chemical manufacturers’ assessment of their own company’s activity level (e.g., sales, production, output) improved over Q1 following reports of deterioration every quarter in 2023, according to findings from ACC’s Chemical Manufacturing Economic Sentiment Index (ESI). Sentiment around major customer market demand also turned positive in Q1 as the ESI readings indicated strong growth in new orders (both foreign and domestic). Chemical manufacturers were optimistic about improving demand from major markets and their company’s activity level over the coming few quarters. They see economic conditions having improved in the U.S. but continuing to deteriorate globally. While chemical manufacturers are reporting improvement on many key business indicators, they have yet to experience relief regarding the level of regulatory burden which continues to rise every quarter and is anticipated to maintain that trajectory looking ahead. 

American Chemistry Council

The American Chemistry Council’s mission is to advocate for the people, policy, and products of chemistry that make the United States the global leader in innovation and manufacturing. To achieve this, we: Champion science-based policy solutions across all levels of government; Drive continuous performance improvement to protect employees and communities through Responsible Care®; Foster the development of sustainability practices throughout ACC member companies; and Communicate authentically with communities about challenges and solutions for a safer, healthier and more sustainable way of life. Our vision is a world made better by chemistry, where people live happier, healthier, and more prosperous lives, safely and sustainably—for generations to come.