The American Chemistry Council's Chemical Activity Barometer climbed 0.1% in November based on a three-month moving average, and several factors indicate "steady and disciplined growth for the coming year," said Chief Economist Kevin Swift. "The clock is ticking for Congress to strike a budget deal before we face another potential government shutdown, but so far, the U.S. economy is not showing any signs of concern," Swift noted. "We've seen some moderation in growth, but production-related indicators have improved, equity prices remain strong, and U.S. exports are recovering as the recession in Europe finally ends," he added.

Related Summaries