Chemical Engineering April 2019 - 60

Economic Indicators
2016
2017
2018
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Jan. '19
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 _________________________________
619.2
757.5
677.3
734.3
978.9
416.1
1060.6
554.7
841.7
334.1
601.5
316.9
Dec. '18
Final
615.9
751.2
667.3
731.2
979.9
420.2
1037.3
553.7
827.2
339.5
600.1
316.3
625
Jan. '18
Final
576.4
697.4
606.1
697.0
910.2
415.9
1001.0
531.2
736.1
328.7
570.5
308.7
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 (2012 = 100) ____________________________________________________
CPI value of output, $ billions _____________________________________________________
CPI operating rate, % __________________________________________________________
Producer prices, industrial chemicals (1982 = 100) ____________________________________
Industrial Production in Manufacturing (2012 =100)* ___________________________________
Hourly earnings index, chemical & allied products (1992 = 100) ____________________________
Productivity index, chemicals & allied products (1992 = 100) ______________________________
CPI OUTPUT INDEX (2000 = 100)†
100
105
110
75
80
85
90
95
J F M A M J J A S O N D
1700
1800
1900
2000
2100
2200
2300
J F M A M J J A S O N D
LATEST
Feb. '19 = 102.7
Jan. '19 = 1,935.9
Feb. '19 = 76.1
Feb. '19 = 255.1
Feb. '19 = 104.8
Feb. '19 = 185.2
Feb. '19 = 94.1
PREVIOUS
Jan. '19 = 103.6
Nov.'18 = 1,943.4
Jan. '19 = 76.7
Jan. '19 = 249.7
Jan. '19 = 105.2
Jan. '19 = 187.8
Jan. '19 = 95.5
CPI OUTPUT VALUE ($ BILLIONS)
70
72
74
76
78
80
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 2000 to 2012
Current business indicators provided by Global Insight, Inc., Lexington, Mass.
CURRENT TRENDS
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S
ince the final value for the December
2018 CE Plant Cost Index (CEPCI;
top) is now available, it is possible to
calculate the 2018 CEPCI annual average
value, which is 603.1. The total
represents a 6.3% rise over the annual
value from the previous year. The first
preliminary value for 2019 also shows
an increase over the final December
value, where gains in the Equipment,
Engineering & Supervision, and Building
subindexes offset a decrease in the
Construction Labor subindex. The overall
CEPCI preliminary value for January
2019 stands at 7.4% higher than the
corresponding value from January 2018.
Meanwhile, the CBI numbers (middle)
show a small decrease in the CPI output
index for February 2019.
60
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
APRIL 2019
Dec. '18 = 104.1
Oct. '18 = 1,971.7
Dec. '18 = 77.2
Dec. '18 = 260.7
Dec. '18 = 105.7
Dec. '18 = 186.9
Dec. '18 = 96.9
YEAR AGO
Feb. '18 = 101.9
Jan. '18 = 1,937.9
Feb. '18 = 76.1
Feb. '18 = 270.3
Feb. '18 = 103.8
Feb. '18 = 187.9
Feb. '18 = 95.8
CPI OPERATING RATE (%)
Annual Index:
2011 = 585.7
2012 = 584.6
2013 = 567.3
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
600
575
550
525
500
J F M A M J J A S O N D
2019
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Chemical Engineering April 2019

Table of Contents for the Digital Edition of Chemical Engineering April 2019
