Constructing Global Production Activity Indices: The Chemical Industry

Saswati Mahapatra and Thomas K Swift

Business Economics, 2012, vol. 47, issue 1, 68-81

Abstract: This article first presents the challenges involved in constructing consistent, timely, and reliable short-term measures of national, regional, and global industry activity. The chemical industry is used as a case study. Second, this article presents the comparison of the movement or fluctuations in industrial production indices and chemical production indices that aid in determining if production in the chemical industry can be used as a proxy for total production in an economy. The American Chemistry Council publishes chemical production regional indices for 33 key nations, regions, and subregions, all aggregated to the world total.

Date: 2012
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