Data collected and tabulated by the American Chemistry Council (ACC) shows that growth in global chemistry during November was buoyed by a synchronized up-swing in the global economy. Global chemicals production rose 0.6% in November, following a 0.5% gain in October. During November, production gains were broad-based with all regions growing. The Global Chemical Production Regional Index was up 3.1% year-over-year on a three-month moving average basis and stood at 112.4% of its average 2012 levels in November.
During November, capacity utilization in the global business of chemistry gained 0.4% to 81.0%. This is up from 80.3% last November but is below the long-term (1987-2016) average of 88.8%.