The Chemical Activity Barometer (CAB) expanded 0.1 percent in March following a revised 0.2 percent decline in February and 0.1 percent downward revision in January.
Accounting for adjustments, the CAB remains up 1.5 percent over this time last year, a marked deceleration of activity from one year ago when the barometer logged a 2.7 percent year-over-year gain from 2014. Data is measured on a three-month moving average.
In March, production-related indicators were better, with improvement in plastic resins used in packaging and strengthening construction-related resins, pigments and related performance chemistry.
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