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Global Chemicals Output Remains at Slow Pace

Data collected and tabulated by the American Chemistry Council show that global chemicals production continues the year on a slow note, rising 0.1% in February. This follows a 0.2% gain in both January and December. During February, chemical production gained in Europe and Africa and the Middle East. Activity was flat in Latin America and Asia-Pacific and fell elsewhere. With softness earlier last year, the Global CPRI was up 1.7% year-over-year on a three-month moving average basis and stood at 116.6% of its average 2012 levels. During February, capacity utilization in the global chemical industry slipped 0.2 points to 83.1%. This is down from 84.8% last February and below the long-term (1987-2017) average of 86.4%.

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