November 2015 Chemical Activity Barometer
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), stabilized in November, rising 0.1 percent following three consecutive months of decline. October data was revised up 0.3 percent and September by 0.2 percent. All data is measured on a three-month moving average (3MMA).The pattern reverses a downward trend that had begun to gain momentum. Accounting for adjustments, the CAB remains up 1.3 percent over this time last year, a deceleration of annual growth. In November 2014, the CAB logged a 3.4 percent annual gain over October 2013.
Dodge Momentum Index drops 4.8%, erases September gains
By Kim Slowey | November 10, 2015
- Driven by a 4.5% drop in the institutional sector and a 5% drop in commercial, the Dodge Momentum Index fell 4.8% in October, almost completely reversing September’s 5.8% gain, which was fueled by a rise in planned institutional building projects.
- In October, planning for institutional building projects dropped 4.5% after surging 10.6% in September, while commercial building projects retreated 5.0% after September’s 1.7% gain.
- Although both industrial and commercial performed poorly compared to their respective September gains of 10.6% and 1.7%, compared to the same month a year ago, the Momentum Index in October was still up 4.8%, with increases for both the commercial (6.3%) and institutional (2.6%) sectors.