Chemical Engineering August 2021 - 54

Economic Indicators
2019
700
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
May '21
Prelim.
CE Index ______________________________________________ 687.3
Equipment ____________________________________________ 849.4
Heat exchangers & tanks _________________________________ 729.2
Process machinery _____________________________________ 863.0
Pipe, valves & fittings ____________________________________ 1160.6
Process instruments ____________________________________ 507.6
Pumps & compressors ___________________________________ 1,115.6
Electrical equipment ____________________________________ 601.0
Structural supports & misc. ________________________________ 915.0
Construction labor _______________________________________ 341.8
Buildings _____________________________________________ 739.2
Engineering & supervision _________________________________ 310.4
Apr. '21
Final
677.1
836.5
721.0
854.9
1129.5
495.3
1,111.4
593.3
904.5
340.3
710.7
310.3
675
May '20
Final
593.5
720.3
616.1
721.1
942.2
409.6
1,086.3
561.1
774.0
333.8
587.4
312.6
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)†
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
Jun. '21 = 96.6
May '21 = 1,869.3
Jun. '21 = 77.0
Jun. '21 = 313.8
Jun. '21 = 97.9
Jun. '21 = 195.1
Jun. '21 = 92.1
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
650
625
600
575
550
525
500
J F M A M J J A S O N D
PREVIOUS
May '21 = 95.0
Apr. '21 = 1,761.8
May '21 = 75.6
May '21 = 240.0
May '21 = 96.8
May '21 = 194.3
May '21 = 92.1
CPI OUTPUT VALUE ($ BILLIONS)
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
CHEMICAL
ENGINEERING
ESSENTIALS FOR THE CPI PROFESSIONAL
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FREE On Demand Webinars
he preliminary value for the CE Plant
Cost Index (CEPCI; top) for May
2021 (most recent available) is once
again higher than the previous month,
continuing a string of substantial
monthly increases since the beginning
of the year. In May, large upticks were
observed in the Equipment and Buildings
subindices, while the Construction
Labor and Engineering & Supervision
subindices saw very small rises. The
current CEPCI value now sits at 15.8%
higher than the corresponding value
from May 2020. Meanwhile, the Current
Business Indicators (middle) show increases
in the CPI output index and the
CPI operating rate for June 2021, and
an increase in the CPI value of output
for May 2021.
T
Apr. '21 = 95.0
Mar. '21 = 1,761.8
Apr. '21 = 75.6
Apr. '21 = 240.0
Apr. '21 = 96.8
Apr. '21 = 194.3
Apr. '21 = 92.1
YEAR AGO
Jun. '20 = 87.9
May '20 = 1,440.9
Jun. '20 = 69.6
Jun. '20 = 209.0
Jun. '20 = 89.1
Jun. '20 = 190.6
Jun. '20 = 87.8
CPI OPERATING RATE (%)
CPI OPERATING RATE (%)
2020
2021
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Chemical Engineering August 2021

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