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ACC: U.S. Chemical Production Up 1.2% From Last Year

According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index rose by 0.7% in January, following a revised 0.9% gain in December. Chemical production rose in all major producing regions for the second consecutive month.

On a three-month moving average (3MMA), output of the nation’s overall manufacturing sector rose by 0.8% in January, following a 0.7% gain in December. Within the manufacturing sector, output in several key chemistry end-use markets increased, including appliances, motor vehicles, aerospace, construction supplies, machinery, computers, plastics products, paper, structural panels, textile products, printing, apparel, and furniture.

Also measured on a 3MMA basis, there were gains in production of organic chemicals, industrial gases, inorganic chemicals, plastic resins, synthetic rubber, man-made fibers, consumer products, coatings and adhesives. These gains were offset by declines in the production of pesticides and fertilizers. Pharmaceutical production was flat.

Compared to January 2012, total chemical production in all regions was up 0.9% and remained ahead year-over-year in all regions except the Mid-Atlantic and West Coast regions which were off from a year ago. Year-ago comparisons are improving for the U.S. as a whole with all regions trending upward on a Y/Y basis.

 

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