Chemical Engineering August 2022 - 72

Economic Indicators
2020
2021
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950
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CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
May '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 _________________________________
831.7
1,057.1
902.4
1,074.9
1,496.7
575.5
1,255.1
757.3
1,176.8
354.6
847.2
311.5
Apr. '22
Final
816.3
1,037.1
876.0
1,063.9
1,472.8
573.5
1,248.9
751.8
1,144.7
348.3
827.0
311.8
900
May '21
Final
686.7
848.5
726.6
862.9
1,160.6
507.5
1,115.6
601.0
915.0
341.7
739.2
310.4
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
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 (2017 = 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
May '22 = 101.7
Apr. '22 = 2,082.8
May '22 = 80.8
May '22 = 367.8
May '22 = 103.1
May '22 = 199.6
May '22 = 91.8
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
Apr. '22 = 101.3
Mar. '22 = 2,088.1
Apr. '22 = 80.5
Apr. '22 = 358.5
Apr. '22 = 103.2
Apr. '22 = 196.7
Apr. '22 = 93.8
CPI OUTPUT VALUE ($ BILLIONS)
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 May
2022 (most recent available) is once
again higher than the previous month's
value, continuing the string of monthly
increases that has been observed since
autumn 2020. In May of this year, increases
occurred in the Equipment,
Buildings and Construction Labor subindices,
while the Engineering & Supervision
subindices saw a very small decrease.
The current CEPCI value now
sits at 21.1% higher than the corresponding
value from May 2021. Meanwhile,
the Current Business Indicators
(middle) show increases in the CPI output
index and the CPI operating rate for
May 2021, and a small decrease in the
CPI value of output for April 2021.
AUGUST 2022
T
Mar. '22 = 101.0
Feb. '22 = 2,004.7
Mar. '22 = 80.3
Mar. '22 = 354.2
Mar. '22 = 102.4
Mar. '22 = 195.9
Mar. '22 = 93.5
YEAR AGO
May. '21 = 97.5
Apr. '21 = 1,706.0
May. '21 = 77.7
May. '21 = 310.7
May. '21 = 98.4
May. '21 = 196.4
May. '21 = 93.8
CPI OPERATING RATE (%)
CPI OPERATING RATE (%)
2022
72
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Chemical Engineering August 2022

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