The Chemical Activity Barometer (CAB) eased 0.2% in July on a three-month moving average (3MMA) basis following three months of gains in March-May and weak months in the winter. On a year-over-year basis, the barometer fell 0.2% (3MMA).
The unadjusted measure of the CAB rose 0.2% in July and fell 0.4% in June. The diffusion index rose to 65% in July. The diffusion index marks the number of positive contributors relative to the total number of indicators monitored. The CAB reading for June was revised downward by 0.39 points and that for May by 0.09 points.