The Chemical Activity Barometer (CAB) from the American Chemistry Council was flat (0.0% change) in June on a three-month moving average (3MMA) basis, following three monthly gains. On a year-over-year basis, the barometer is up 0.3% (3MMA). The unadjusted measure of the CAB retreated 0.2% in June and fell 0.3% in May. The diffusion index rose to 65% in June.
The diffusion index marks the number of positive contributors relative to the total number of indicators monitored. The CAB reading for May was revised downward by 0.38 points and that for April by 0.22 points. Production-related indicators in June were slightly positive.