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Industrial Chemicals have a solid Q1 in 2017

CIAC has just released the Industrial Chemical Industry Performance Snapshot for the first quarter of 2017. Some highlights include:
 

  • Shipments increased 13% compared to Q1 in 2016 driven by strong growth in petrochemicals, but all sub-segments showed increases.
  • The quarter-over-quarter change in rail car shipments was up slightly (0.3%).
  • Exports for industrial chemicals rose 1%. There were large differences among the sub-segments however.
  • Industrial chemical industry GDP fell by 0.5% compared to Q4 of 2016.
  • Operating profits remained strong, coming in at $854 million.

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