The American Chemistry Council's Chemical Activity Barometer remained steady from November to December, reflecting "slightly slower activity in construction-related plastic resins, coatings and pigments," said ACC chief economist Kevin Swift. The reading held at a level of 91 for the month, following four straight months of growth. With the housing market having the biggest gains in the metric, "the longer-term trend seems to suggest that the recovery in housing will continue," Swift said.

Related Summaries