che_june-2024 - 60

Economic Indicators
2022
2023
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
950
CHEMICAL ENGINEERING PLANT COST INDEX® (CEPCI)
(1957-59 = 100)
Mar. '24
Prelim.
CE Index ______________________________________________
Equipment ____________________________________________
Heat exchangers & tanks _________________________________
Process machinery _____________________________________
Pipe, valves & fittings ____________________________________
Process instruments ____________________________________
Pumps & compressors ___________________________________
Electrical equipment ____________________________________
Structural supports & misc. ________________________________
Construction labor _______________________________________
Buildings _____________________________________________
Engineering & supervision _________________________________
800.7
1,006.3
810.6
1,033.9
1,342.5
569.9
1,537.8
822.8
1,131.2
374.7
812.6
315.5
Feb. '24
Final
800.0
1,005.1
811.5
1,033.1
1,349.9
568.3
1,518.2
811.8
1,127.8
372.5
820.9
316.1
799.1
1,008.5
821.1
1,032.9
1,401.7
566.4
1,391.8
794.8
1,119.5
361.7
805.4
313.0
Starting in April 2007, several data series for labor and compressors were converted to accommodate series IDs discontinued by the
U.S. Bureau of Labor Statistics (BLS). Starting in March 2018, the data series for chemical industry special machinery was replaced
because the series was discontinued by BLS (see Chem. Eng., April 2018, p. 76-77.)
CURRENT BUSINESS INDICATORS
CPI output index (2017 = 100) ____________________________________________________
CPI value of output, $ billions _____________________________________________________
CPI operating rate, % __________________________________________________________
Producer prices, industrial chemicals (1982 = 100) ____________________________________
Industrial Production in Manufacturing (2017 =100)* ___________________________________
Hourly earnings index, chemical & allied products (1992 = 100) ____________________________
Productivity index, chemicals & allied products (1992 = 100) ______________________________
CPI OUTPUT INDEX (2017 = 100)†
100
105
110
75
80
85
90
95
J F M A M J J A S O N D
2500
2400
1900
2000
2100
2200
2300
J F M A M J J A S O N D
LATEST
Mar. '24 = 99.4
Feb. '24 = 2,414.3
Mar. '24 = 78.5
Mar. '24 = 297.7
Mar. '24 = 99.9
Feb. '24 = 225.7
Mar. '24 = 92.9
900
Mar. '23
Final
Annual Index:
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
2020 = 596.2
2021 = 708.8
2022 = 816.0
2023 = 797.9
850
800
750
700
650
600
550
500
J F M A M J J A S O N D
PREVIOUS
Feb. '24 = 99.1
Jan. '24 = 2,355.2
Feb. '24 = 78.3
Feb. '24 = 296.3
Feb. '24 = 99.4
Jan. '24 = 230.3
Feb. '24 = 94.3
CPI OUTPUT VALUE ($ BILLIONS)
60
65
70
75
80
85
J F M A M J J A S O N D
*Due to discontinuance, the Index of Industrial Activity has been replaced by the Industrial Production in Manufacturing index from the U.S. Federal Reserve Board.
†For the current month's CPI output index values, the base year was changed from 2012 to 2017
Current business indicators provided by Global Insight, Inc., Lexington, Mass.
CURRENT TRENDS
CHEMICAL
ENGINEERING
ESSENTIALS FOR THE CPI PROFESSIONAL
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60
FREE On Demand Webinars
he preliminary value for the CE Plant
Cost Index (CEPCI; top) for March
2024 (most recent available) is higher
than the previous month's value, albeit
by a very small margin. The small uptick
is the third consecutive monthly rise. In
March, small increases were observed
in the Equipment and Construction
Labor subindices, while the Engineering
& Supervision and Building subindices
saw very small decreases. The
current CEPCI value now sits at 0.2%
higher than the corresponding value
from March 2023. Meanwhile, the Current
Business Indicators (middle) show
small increases in the CPI output index
and the CPI operating rate for March
2024, and an increase in the CPI value
of output for February 2024.
5/24/16 4:43 PM
JUNE 2024
T
Jan. '24 = 97.8
Dec. '23 = 2,378.9
Jan. '24 = 77.4
Jan. '24 = 290.2
Jan. '24 = 98.3
Dec. '23 = 230.6
Jan. '24 = 92.7
YEAR AGO
Mar. '23 = 99.3
Feb. '23 = 2,421.0
Mar. '23 = 79.4
Mar. '23 = 328.2
Mar. '23 = 99.1
Feb. '23 = 210.7
Mar. '23 = 94.0
CPI OPERATING RATE (%)
2024
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
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che_june-2024

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