Data collected and tabulated by the American Chemistry Council (ACC) show that the global chemical industry continued on a good note as the second quarter progressed. ACC’s Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production rose 0.9 percent in May and follows a 0.4 percent gain in April and drops in the first quarter.
During May, production gains were again across the board among regions. The Global CPRI was up 1.8 percent year-over-year (Y/Y) on a 3MMA basis and stood at 115.6 percent of its average 2012 levels in May.
During May, capacity utilization in the global chemical industry gained 0.4 percentage points to 84.9 percent. This is down from 85.6 percent last May and below the long-term (1987-2017) average of 86.4 percent.
ACC’s Global CPRI measures the production volume of the chemical industry for 33 key nations, sub-regions, and regions, all aggregated to the world total.