Chemical Activity Still Strong

| About: Industrial Select (XLI)

Here's another update of an indicator I've been highlighting for the past several months. The American Chemistry Council's Chemical Activity Barometer (see chart above) hit a new all-time high this month, rounding out a significant pickup in the second half of this year, and suggesting that the economy will register stronger growth in the months to come.

As the chart above shows, the year-over-year gain in the 3-month moving average of the CAB has tended to lead a similar gain in industrial production, which has been weak for some time now.

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