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AlwaysFree: ACC: US Chemical Output in October Dragged Down by Lingering Hurricane Impacts

Author: SSESSMENTS

In October, US chemical output was dragged down by the lingering impacts of hurricane Ida and other supply-chain disruptions.

According to the American Chemistry Council (ACC), chemical output dropped in all regions except the Northeast and the biggest decline was in the Gulf Coast region.

The US Chemical Production Regional Index (CPRI) edged down by 0.3% in October after declining by 1.6% in September on a three-month moving average (3MMA) basis. 

The positive trend was seen in the output of synthetic rubber, manufactured fibers, other specialty chemicals, fertilizers, adhesives, coatings, and consumer products.

However, the gains were offset by weakness in organic chemicals, plastic resins, basic inorganic chemicals, industrial gases, and crop protection chemicals.

In October, the US manufacturing output inched up by 0.1% on a 3MMA basis, but the trend was mixed with rises shown in food and beverages, aerospace, construction supplies, fabricated metal products, machinery, computers, semiconductors, refining, iron, and steel products, plastic products, rubber products, tires, paper, printing, apparel, and furniture.

Annually, output rose by 2.2% but the rise was slower compared to the previous month. All regions showed higher output year-over-year.

Tags: All Chemicals,AlwaysFree,Americas,English,US

Published on December 3, 2021 6:29 PM (GMT+8)
Last Updated on December 3, 2021 6:29 PM (GMT+8)