The U.S. economy continued growing this month despite the partial government shutdown, according to the American Chemistry Council's Chemical Activity Barometer, which registered a 0.3% increase on a three-month moving-average basis over September. "Despite the uncertainty being fueled by political gridlock in Washington, the fundamentals of our economy appear to be healthy," said ACC's chief economist, Kevin Swift. "Production of plastic resins used in consumer applications appears actually to be strengthening, suggesting further gains driven by consumers. This bodes well for retailers as the important holiday shopping season approaches," he said.
Published in Brief: