Checking the Market's Chemical Activity
Last summer, I made note of a new economic indicator that could be useful in assembling the mosaic of the market. The American Chemistry Council's Chemical Activity Barometer is an industry-specific measure that can offer in-depth insight on trends in industrial production, similar to others that we track, such as the Baltic Dry Index.
The ACC describes the Chemical Activity Barometer as "a composite index which comprises indicators drawn from a range of chemicals and sectors, including chlorine alkalis, pigments, plastic resins and other selected basic industrial chemicals. It first originated through a study of the relationship between the business cycles in the production of selected chemicals and cycles in the larger economy during the period from 1947 to 2011."...207 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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