Chemical Engineering March 2023 - 44

Economic Indicators
2020
2021
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Dec. '22
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 _________________________________
808.7
1024.9
851.4
1035.5
1444.7
556.2
1323.1
794.6
1137.2
358.7
795.2
311.9
Nov. '22
Final
814.6
1033.2
861.7
1041.1
1461.7
555.6
1323.1
785.7
1153.7
359.1
802.4
311.8
900
Dec. '21
Final
776.3
977.9
830.2
975.8
1414.8
564.4
1179.3
678.0
1059.4
347.6
808.3
310.8
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 (2000 = 100)†
(2017 = 100)
100
105
110
75
80
85
90
95
J F M A M J J A S O N D
1500
1600
1700
1800
1900
2000
2300
J F M A M J J A S O N D
LATEST
Dec. '22 = 98.5
Nov. '22 = 2,141.7
Dec. '22 = 79.3
Dec. '22 = 330.4
Dec. '22 = 99.8
Dec. '22 = 204.4
Dec. '22 = 90.2
Annual Index:
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
2020 = 596.2
2021 = 708.8
850
800
750
700
650
600
550
500
J F M A M J J A S O N D
PREVIOUS
Nov. '22 = 99.7
Oct. '22 = 2,190.2
Nov. '22 = 80.3
Nov. '22 = 341.9
Nov. '22 = 101.1
Nov. '22 = 205.3
Nov. '22 = 91.8
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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28180 CE Economic indicator On Demand Webinar House Ad.indd 1
FREE On Demand Webinars
he preliminary value for the CE Plant
Cost Index (CEPCI; top) for December
2022 (most recent available)
fell compared to the previous month's
value. The current decrease is the sixth
consecutive monthly decline, following
a long string of increases between November
2020 and June 2022. The December
2022 preliminary values show
decreases in the Equipment, Buildings
and Construction Labor subindices,
while the Engineering & Supervision
subindex saw a slight uptick. The current
CEPCI value now sits at 4.2%
higher than the corresponding value
from December 2021. Meanwhile, the
Current Business Indicators (middle)
show a small decrease in the CPI output
index for December 2022.
5/24/16 4:43 PM
MARCH 2023
T
Oct. '22 = 101.2
Sept.'22 = 2,187.2
Oct. '22 = 81.6
Oct. '22 = 343.9
Oct. '22 = 102.2
Oct. '22 = 204.0
Oct. '22 = 93.0
YEAR AGO
Dec. '21 = 100.4
Nov. '21 = 1,936.5
Dec. '21 = 81.6
Dec. '21 = 335.6
Dec. '21 = 100.3
Dec. '21 = 194.4
Dec. '21 = 95.9
CPI OPERATING RATE (%)
2022
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Chemical Engineering March 2023

Table of Contents for the Digital Edition of Chemical Engineering March 2023
