Chemical Engineering April 2022 - 64

Economic Indicators
2020
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Jan. '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 _________________________________
785.9
991.6
856.8
993.2
1,453.0
569.2
1,233.3
700.9
977.5
345.6
828.1
310.7
Dec. '21
Final
776.3
977.9
830.2
975.8
1,414.8
564.4
1,179.3
678.0
1059.4
347.6
808.3
310.8
900
Jan. '21
Final
616.5
751.5
637.3
746.8
1,012.4
439.8
1,103.4
573.2
798.7
334.6
635.0
311.1
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
Jan. '22 = 99.6
Dec. '21 = 2,100.2
Jan. '22 = 79.3
Jan. '22 = 330.9
Jan. '22 = 100.7
Jan. '22 = 191.8
Jan. '22 = 94.9
Annual Index:
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
2020 = 596.2
2021 = 708.0
850
800
750
700
650
600
550
500
J F M A M J J A S O N D
PREVIOUS
Dec. '21 = 99.5
Nov. '21 = 2,103.8
Dec. '21 = 79.3
Dec. '21 = 335.4
Dec. '21 = 100.4
Dec. '21 = 193.9
Dec. '21 = 93.9
CPI OUTPUT VALUE ($ BILLIONS)
55
60
65
70
75
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 2012 to 2017
Current business indicators provided by Global Insight, Inc., Lexington, Mass.
CURRENT TRENDS
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64
Managing Vapor and
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Guidebook
he preliminary value for the CE Plant
Cost Index (CEPCI; top) for January
2022 (most recent available) was higher
than the previous month, continuing an
upward trend throughout 2021. Gains in
the Equipment and Buildings subindices
for January offset small decreases in the
Construction Labor and Engineering & Supervision
subindices. The current CEPCI
is now 27.5% higher than the same time
a year ago. With the final CEPCI values
for 2021 now available, the annual 2021
CEPCI value can be calculated. The 2021
annual CEPCI value is 708.0, an average
of the monthly values in 2021.
T
Nov. '21 = 99.3
Oct. '21 = 2,090.2
Nov. '21 = 79.1
Nov. '21 = 341.2
Nov. '21 = 100.6
Nov. '21 = 193.3
Nov. '21 = 96.7
YEAR AGO
Jan. '21 = 95.2
Dec. '20 = 1,761.8
Jan. '21 = 75.8
Jan. '21 = 252.9
Jan. '21 = 98.2
Jan. '21 = 193.5
Jan. '21 = 90.7
CPI OPERATING RATE (%)
2021
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
2022
Editor's note: In the February and March issues,
the two-months-previous values in the CBI
for the Productivity Index for CBI were reported
incorrectly, at 357.0 and 358.0, respectively. The
correct values are 93.6 and 94.2.
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
APRIL 2022
http://www.chemengonline.com/pci http://store.chemengonline.com http://WWW.CHEMENGONLINE.COM
Chemical Engineering April 2022

Table of Contents for the Digital Edition of Chemical Engineering April 2022
