Chemical Engineering April 2021 - 64

Economic Indicators
2019
2020
2021
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Jan. '21
Prelim.
CE Index ______________________________________________ 616.5
Equipment ____________________________________________ 751.5
Heat exchangers & tanks _________________________________ 637.2
Process machinery _____________________________________ 746.7
Pipe, valves & fittings ____________________________________ 1,012.4
Process instruments ____________________________________ 439.8
Pumps & compressors ___________________________________ 1,103.4
Electrical equipment ____________________________________ 573.2
Structural supports & misc. ________________________________ 798.7
Construction labor _______________________________________ 334.8
Buildings _____________________________________________ 635.0
Engineering & supervision _________________________________ 311.1
Dec. '20
Final
606.9
737.3
621.4
737.7
998.7
433.4
1,086.2
571.2
772.5
336.4
621.0
311.6
625
Jan. '20
Final
596.2
724.1
618.8
721.7
957.3
419.1
1,080.2
563.8
767.1
333.9
588.2
313.7
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 MA M J J A S ON D
1500
1600
1700
1800
1900
2000
2300
J F MA M J J A S ON D
LATEST
Feb. '21 = 97.4
Jan. '21 = 2,000.5
Feb. '21 = 72.9
Feb. '21 = 260.7
Feb. '21 = 100.7
Feb. '21 = 191.6
Feb. '21 = 97.5
PREVIOUS
Jan. '21 = 100.5
Dec. '20 = 1,952.1
Jan. '21 = 75.1
Jan. '21 = 235.3
Jan. '21 = 102.6
Jan. '21 = 194.3
Jan. '21 = 104.1
CPI OUTPUT VALUE ($ BILLIONS)
55
60
65
70
75
80
J F MA M J J A S ON 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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27206
he preliminary value for the CE Plant
Cost Index (CEPCI; top) for January
2021 (the most recent available) shows
another significant increase from December
2020. The current value is the
fourth consecutive monthly increase,
and the second consecutive monthly
increase of over five points. The uptick
in the January preliminary CEPCI value
was driven by increases in the Equipment
and Buildings subindices. The
Construction Labor and Engineering &
Supervision subindices both saw small
decreases. The current CEPCI value
now sits at 3.4% higher than the corresponding
value from January 2020.
Meanwhile, the Current Business Indicators
(middle) showed a lower CPI Output
Index and Operating Rate for February.
T
Dec. '20 = 100.5
Nov. '20 = 1,895.0
Dec. '20 = 75.1
Dec. '20 = 235.3
Dec. '20 = 102.6
Dec. '20 = 194.3
Dec. '20 = 104.1
YEAR AGO
Feb. '20 = 102.5
Jan. '20 = 2,030.1
Feb. '20 = 76.1
Feb. '20 = 243.0
Feb. '20 = 104.9
Feb. '20 = 186.2
Feb. '20 = 98.8
CPI OPERATING RATE (%)
C
M
Y
CM
MY
CY
CMY
K
Annual Index:
2013 = 567.3
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
2020 = 596.2
600
575
550
525
500
J F MAM J J A S ON D
64
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM APRIL 2021
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Chemical Engineering April 2021

Table of Contents for the Digital Edition of Chemical Engineering April 2021
