Global and U.S. chemical production trended higher in April, ACC says

MOSCOW (MRC) — Marking another month of incremental gains, global and U.S. chemical production rose in April. According to the American Chemistry Council (ACC; Washington, D.C.), the Global Chemical Production Regional Index (Global CPRI) rose by 0.4% in April following a revised 1.5 % increase in March, said Chemengonline.

In the U.S., the U.S. Chemical Production Regional Index (U.S. CPRI) rose 0.5% in April. Both indices are measured on a three-month moving average (3MMA) basis to reduce month-to-month volatility.

“Chemical output increased in April for all regions except South America,” said Martha Moore, ACC’s chief economist. “On a year-over-year basis, while global production remained lower compared to a year ago, output was higher in Europe, Asia Pacific, and Africa & Middle East.”

In the U.S., April’s gain reflects improvement across several chemistries, especially those recovering from production outages during Q1 due to bad weather and maintenance to refineries, says ACC.

We remind, The U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.7% in February, following declines of 2.4% in December and 0.6% in January, according to the American Chemistry Council (ACC; Washington, D.C.).

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