The Chemical Activity Barometer (CAB) from the American Chemistry Council rose 0.5% in July on a three-month moving average (3MMA) basis following a 0.8% gain in June. On a year-over-year basis, the barometer rose 16.3% in July (3MMA).
The unadjusted data show a 0.1% advance in July, a slowdown from a 0.3% rise in June and 1.0% gain in May. The diffusion index reached 88% 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 upward by 0.14 points and the reading for May was revised downward by 0.34 points. Monthly revisions have generally been positive during the past year. The July data are provisional and subject to revision.