Data collected and tabulated by the American Chemistry Council show that global chemicals production grew by 0.3% in November, a reversal of the 0.2% decline in October. During November, chemical production increased in Latin America, Africa and the Middle East, and the Asia-Pacific region. Production was flat in Europe and fell in North America and the Former Soviet Union. Headline global production was up only 1.4% year-over-year (Y/Y) on a three-month moving average basis and stood at 117.7% of its average 2012 levels.
During November, global capacity rose by 0.2% and was up 3.5% Y/Y. As a result, capacity utilization in the global chemical industry rose 0.1 points to 81.7%. This is down from 83.4% last November and below the long-term (1987-2017) average of 86.7%.