The Chemical Activity Barometer (CAB), an economic indicator created by the American Chemistry Council, rose 1.2% in May on a three-month moving average (3MMA) basis following a 1.0% increase in April. On a year-over-year basis, the barometer rose 18.6% in May (3MMA).
The unadjusted data show a 1.0% increase in May following a 0.9% gain in April. The diffusion index reached 100% in May. The diffusion index marks the number of positive contributors relative to the total number of indicators monitored. The CAB reading for April was revised upward by 0.91 points and the reading for March was revised upward by 0.16 points. The May data are provisional and subject to revision.