HP Impact: Production activity rising in many global chemical regions
In August, global activity chemicalbusinesses rose 1.4%, says a report from the American ChemistryCouncil. During August, the latest month for which statistics havebeen analyzed, activity rose in most..
In August, global activity chemical
businesses rose 1.4%, says a report from the American Chemistry
Council. During August, the latest month for which statistics have
been analyzed, activity rose in most nations and regions. “An
improving global economy and end-use markets initiated a positive
impulse. Inventory restocking was an additional factor in some
areas. For example, production rose in the United States,”
according to ACC.
The data suggest that the downturn in
global activity from higher oil prices and the subsequent downdraft
in global economic activity, as well as downstream customer
industry de-stocking, has largely played itself out (Fig. 3). “A
bo
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