Chemical Engineering April 2023 - 64

Economic Indicators
2021
2022
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Jan. '23
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 _________________________________
801.4
1,015.6
832.7
1,030.4
1,426.8
561.4
1,389.1
797.3
1,113.7
357.7
795.6
301.2
Dec. '22
Final
802.9
1,016.1
840.8
1,031.4
1,427.2
558.5
1,332.4
790.7
1122.5
359.0
794.2
311.8
900
Jan. '22
Final
797.6
1,009.2
860.3
993.1
1,457.0
568.9
1,213.2
698.9
1,115.5
345.6
831.3
310.7
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 (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
2300
2000
1500
1600
1700
1800
1900
J F M A M J J A S O N D
LATEST
Jan. '23 = 98.8
Dec. '22 = 2,056.9
Jan. '23 = 79.4
Jan. '23 = 331.0
Jan. '23 = 100.2
Dec. '22 = 209.5
Jan. '23 = 91.1
Annual Index:
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
2020 = 596.2
2021 = 708.8
2022 = 816.0
850
800
750
700
650
600
550
500
J F M A M J J A S O N D
PREVIOUS
Dec. '22 = 98.0
Nov. '22 = 2,121.1
Dec. '22 = 78.8
Dec. '22 = 336.1
Dec. '22 = 99.3
Nov. '22 = 209.5
Dec. '22 = 89.8
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
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27206
he preliminary value for the CE Plant
Cost Index (CEPCI; top) for January
2023 (most recent available) declined
from the previous month's value, continuing
a series of seven consecutive
monthly decreases in the CEPCI overall
value. In addition, the final value
for December 2022 was downwardly
revised from its preliminary value in a
larger-than-usual adjustment that may
be due in part to recent volatility in steel
prices. For January 2023, there were
decreases observed in the Equipment,
Construction Labor and Engineering &
Supervision subindices, while the Buildings
subindex was slightly higher. The
current CEPCI value now sits at 1.0%
higher than the corresponding value
from January 2022.
APRIL 2023
T
Nov. '22 = 100.2
Oct. '22 = 2,190.2
Nov. '22 = 80.8
Nov. '22 = 337.5
Nov. '22 = 101.1
Oct. '22 = 207.5
Nov. '22 = 90.9
YEAR AGO
Jan. '22 = 99.2
Dec. '21 = 1,939.1
Jan. '22 = 80.7
Jan. '22 = 336.4
Jan. '22 = 100.0
Dec. '21 = 196.8
Jan. '22 = 96.8
CPI OPERATING RATE (%)
2023
64
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Chemical Engineering April 2023

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