The Chemical Activity Barometer (CAB), an economic indicator created by the American Chemistry Council (ACC), rose 2.7% in July on a three-month moving average basis following a 0.1% gain in June. On a year-over-year basis, the barometer fell 8.9% in July.
The unadjusted data show a 1.3% gain in July following a 3.4% gain in June and a 3.6% gain in May. The diffusion index rose to 41%. 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 1.36 points and the May reading was revised upward by 1.40 points.