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Global Chemicals Production Remained at Slow Pace in Fourth Quarter

Data collected and tabulated by the American Chemistry Council (ACC) shows that global chemicals production rose slightly (by 0.1%) in November 2018 after a similar gain in October and weak activity in August and September. With softness earlier in the year, the Global Chemical Production Regional Index (CPRI) was off 0.1% year-over-year (Y/Y) on a three-month moving average (3MMA) basis and stood at 115.9% of its average 2012 levels.

During November, capacity utilization in the global chemical industry eased 0.1 points to 83.1%. This is down from 86.0% last November and below the long-term (1987-2017) average of 86.5%. 

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