Chemical Engineering August 2020 - 50

Economic Indicators
2018
2019
2020
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
May '20
Prelim.
CE Index ______________________________________________ 593.6
Equipment ____________________________________________ 720.3
Heat exchangers & tanks _________________________________ 616.1
Process machinery _____________________________________ 721.1
Pipe, valves & fittings ____________________________________ 942.2
Process instruments ____________________________________ 409.6
Pumps & compressors ___________________________________ 1086.3
Electrical equipment ____________________________________ 561.1
Structural supports & misc. ________________________________ 774.0
Construction labor _______________________________________ 334.1
Buildings _____________________________________________ 587.5
Engineering & supervision _________________________________ 312.6
Apr. '20
Final
595.6
723.4
620.6
725.4
944.3
411.3
1086.3
561.3
777.8
332.6
591.0
313.0
625
May '19
Final
613.5
748.7
665.8
730.7
965.4
419.0
1068.9
557.6
818.0
335.6
597.8
316.4
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
LATEST
CPI output index (2012 = 100) ____________________________________________________ Jun. '20 = 92.5
CPI value of output, $ billions _____________________________________________________ May '20 = 1,637.9
CPI operating rate, % __________________________________________________________ Jun. '20 = 68.9
Producer prices, industrial chemicals (1982 = 100) ____________________________________ Jun. '20 = 211.9
Industrial Production in Manufacturing (2012 =100)* ___________________________________ Jun. '20 = 93.3
Hourly earnings index, chemical & allied products (1992 = 100) ____________________________ Jun. '20 = 186.6
Productivity index, chemicals & allied products (1992 = 100) ______________________________ Jun. '20 = 98.7
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
PREVIOUS
May '20 = 89.3
Apr. '20 = 88.6
Apr. '20 = 66.2
Apr. '20 = 211.9
YEAR AGO
Jun. '19 = 101.6
Apr. '20 = 1,587.3 Mar. '20 = 1,809.5 May '19 = 2,035.9
May '20 = 66.5
May '20 = 203.1
Jun. '19 = 75.8
Jun. '19 = 253.8
May '20 = 87.0
May '20 = 188.7
May '20 = 99.3
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.
CHEMICAL
ENGINEERING
ESSENTIALS FOR THE CPI PROFESSIONAL
Learn about the industry's critical
topics by viewing the latest
On Demand webinars.
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webinars, visit
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T
he preliminary
CURRENT TRENDS
value
for
Apr. '20 = 83.8
Apr. '20 = 193.6
Apr. '20 = 99.4
Jun. '19 = 105.0
Jun. '19 = 185.3
Jun. '19 = 96.3
CPI OPERATING RATE (%)
Annual Index:
2012 = 584.6
2013 = 567.3
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
600
575
550
525
500
J F MAM J J A S ON D
the CE
Plant Cost Index (CEPCI; top) for
May 2020 (the most recent available)
decreased compared to the previous
month's value, following a similar decline
in April. The values for three of the four
major subindices (Equipment; Buildings;
and Engineering & Supervision) comprising
the CEPCI saw a decrease, while the
Construction Labor subindex showed
an increase. The current CEPCI value
is 3.2% lower than the corresponding
value from a year ago. Meanwhile, the
Current Business Indicators (CBI; middle)
showed increases in the June CPI
Output Index and the June CPI Operating
Rate, as well as the May CPI Value
of Output. Producer prices for industrial
chemicals were also up in June.
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Chemical Engineering August 2020

Table of Contents for the Digital Edition of Chemical Engineering August 2020
