Data collected and tabulated by the American Chemistry Council (ACC) show that global chemicals production fell 0.2% in October, a slower pace of decline than the 0.5% drop in September. During October, chemical production increased in North America, Latin America, the former Soviet Union and Africa and the Middle East and fell in Europe and Asia Pacific. Headline global production was up 1.1% year-over-year (Y/Y) on a three-month moving average basis and stood at 117.3% of its average 2012 levels.
During October, global capacity rose by 0.2% and was up 3.5% Y/Y. As a result, capacity utilization in the global chemical industry fell 0.3 points, to 81.6%. This is down from 83.5% last October and below the long-term (1987-2017) average of 86.4%.