The Chemical Activity Barometer from the American Chemistry Council fell 0.1% in August on a three-month moving average (3MMA) basis following a similar drop in July and four months of gains. On a year-over-year basis, the barometer was flat at 0.0% (3MMA).
Production-related indicators in August were slightly positive. Trends in construction-related resins, pigments and related performance chemistry were slightly positive and suggest slow gains in housing activity. Plastic resins used in packaging and for consumer and institutional applications were also slightly positive. Performance chemistry was soft and U.S. exports were mixed. Equity prices dropped this month, as did product and input prices. Inventory and other indicators were positive.