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ACC Chemical Manufacturing Economic Sentiment Index Findings - Q4 2023 

Chemical manufacturers’ assessment of their own company’s activity level (e.g., sales, production, output) deteriorated for the fourth consecutive quarter, according to findings from ACC’s Chemical Manufacturing Economic Sentiment Index (ESI). Sentiment around major customer market demand was also negative in Q4. New orders and production levels were down in Q4, and industry employment levels declined. Chemical manufacturers expect demand to recover and their own company’s activity levels to improve over the short-term outlook period. The short-term outlook readings for new orders and production levels were positive. While chemical manufacturers’ sentiment around the state of the economy – US and global – remained negative in Q4, their outlook is for improvement over the coming six months.

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American Chemistry Council

The American Chemistry Council’s mission is to advocate for the people, policy, and products of chemistry that make the United States the global leader in innovation and manufacturing. To achieve this, we: Champion science-based policy solutions across all levels of government; Drive continuous performance improvement to protect employees and communities through Responsible Care®; Foster the development of sustainability practices throughout ACC member companies; and Communicate authentically with communities about challenges and solutions for a safer, healthier and more sustainable way of life. Our vision is a world made better by chemistry, where people live happier, healthier, and more prosperous lives, safely and sustainably—for generations to come.