The Chemical Activity Barometer (CAB) from the American Chemistry Council (ACC), rose 0.1% on a three-month moving average (3MMA) basis in May to 121.9. The barometer is up 3.9% on a 3MMA compared to a year earlier. The unadjusted CAB showed a second consecutive month of gains, up 0.2% in May and also up 3.9% year-over-year.
May production-related indicators gained as trends in construction-related pigments and related performance chemistries strengthened along with plastic resins used in packaging. U.S. exports also continued to rise. Equity prices, along with product and input prices also strengthened while inventory remained positive.