Chemical Activity Trends Suggest Growth into Early 2019

The American Chemistry Council's Chemical Activity Barometer slipped 0.1% in April to 121.6% on a three-month moving average (3MMA) basis. This follows six consecutive monthly gains and a dip from the barometer’s highest point since modeling began. The barometer remains up 3.8% on a 3MMA compa...

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Formosa Selects Louisiana for $9.4B Petrochemical Project

Formosa Petrochemical Corp. has selected St. James Parish in Louisiana for a $9.4 billion chemical manufacturing complex and has purchased a 2,400-acre site along the west bank of the Mississippi River.

Located just downriver from the Sunshine Bridge, the complex would be built in two phases and prod...

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40% of Small Manufacturers Likely to Add Staff this Year

Xometry released the findings of its quarterly Small Manufacturing Index, showing that 40% of small manufacturers surveyed are likely to hire more employees this year as business confidence has risen from a year ago. Additionally, 28% of those surveyed stated they have hired more employees since Q1 20...

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IHS Markit U.S. Manufacturing Index Rose in April

Manufacturers reported the greatest improvement in overall business conditions since September 2014 in April. This was highlighted by the seasonally adjusted IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) rising from 55.6 in March to 56.5.

Stronger growth in new orders drov...

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