Rough ride for US chemicals

Davis, Nigel
January 2008
ICIS Chemical Business;1/14/2008, Vol. 273 Issue 2, p13
Trade Publication
The article discusses the status of the U.S. economy and the chemical industry. According to the American Chemistry Council's chief economist Kevin Swift, an Institute for Supply Management (ISM) factory index for nondefense capital equipment slipped to 47.7 percent in December 2007 from 50.8 percent causing chemical exports and other new orders to decline. Meanwhile, analysts say that indicators of chemical sector performance remain positive.


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