Chemical Engineering December 2014 - 62

Economic Indicators
2012
2013
2014
cHemicAl engineering PlAnt cost inDeX (cePci)
(1957-59 = 100)
Sept. '14
Prelim.
CE Index
equipment
Heat exchangers & tanks
Process machinery
Pipes, valves & fittings
Process instruments
Pumps & compressors
electrical equipment
structural supports & misc
construction labor
Buildings
engineering & supervision
580.2
704.6
650.9
668.1
877.4
413.5
939.0
515.7
775.1
324.0
546.5
321.9
Aug. '14
Final
578.7
703.7
648.7
668.0
877.1
413.9
939.3
516.3
773.7
320.4
545.3
320.3
Sept. '13
Final
567.3
686.2
618.3
654.7
875.3
411.2
924.3
513.7
747.1
321.7
533.4
324.6
DOWNLOAD ThE cepci TWO WEEKS SOONER AT www.chemengonline.com/pci
625
Annual
Index:
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 585.7
2012 = 584.6
2013 = 567.3
600
575
550
525
500
J F M A M J J A S O N D
cUrrent BUsiness inDicAtors*
cPi output index (2007 = 100)
LATEST
oct.'14 =
cPi value of output, $ billions
cPi operating rate, %
Producer prices, industrial chemicals (1982 = 100)
industrial Production in manufacturing (2007 = 100)
Hourly earnings index, chemical & allied products (1992 = 100)
Productivity index, chemicals & allied products (1992 = 100)
cPi oUtPUt inDeX (2007 = 100)
100
75
80
85
90
95
J F M A M J J A S O N D
1800
1900
2000
2100
2200
2300
J F M A M J J A S O N D
*current Business indicators provided by iHs global insight, inc., Lexington, mass.
sept.'14 =
oct.'14 =
oct.'14 =
oct.'14 =
93.1
78.0
sept.'14 =
sept.'14 =
PREVIOUS
92.8 aug. '14 =
sept.'14 = 2,125.3 aug.'14 = 2,123.6
oct.'14 =
296.6 aug.'14 = 293.9
100.6
156.3
108.1
77.9 aug. '14 =
Jul. '14 =
sept.'14 = 100.4 aug. '14 =
sept.'14 = 157.2 aug. '14 =
sept.'14 = 108.0 aug. '14 =
cPi oUtPUt VAlUe ($ Billions)
70
72
74
76
78
80
J F M A M J J A S O N D
YEAR AGO
92.5 oct. '13 =
293.2 sept. '13 =
100.2 oct. '13 =
156.0 oct. '13 =
108.1 oct. '13 =
cPi oPerAting rAte (%)
89.2
Jul. '14 = 2,137.0 sept. '13 = 2,146.9
77.6 oct. '13 =
156.6
107.6
75.7
298.7
97.3
HigHligHts From recent Acc economic DAtA
cUrrent trenDs
selection of information from recent Weekly Chemistry and Economic reports from the
American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com)
includes data from the S&P Index for chemical companies, which fell in October by 2.6%,
while the wider S&P 500 index rose by 2.3%. From the start of the year, the S&P chemicals
index is up 7.1%, while the S&P 500 is up 9.2%.
A
In other recent chemical-related economic news, U.S. production of major plastic resins was
6.4 billion pounds in September, a total that is 4.2% higher than the same month last year.
Year-to-date production for 2014 is slightly lower than the total for the same period last year.
Meanwhile, citing data from the U.S. Bureau of Labor Statistics, ACC said that employment
in the business of chemistry rose by 0.3% (2,400 jobs) in September, and citing Census Bureau
data, it said sales of chemicals at the wholesale level dropped 2.2% in September.
One recent ACC report stated that U.S. specialty-chemical market volumes ended the third
quarter strongly, with a 0.9% gain in September. The September gain followed no change in
August, and a 0.7% gain in July. Of the 28 specialty-chemical market segments monitored
by ACC, 24 expanded in September. This total is up from 13 expanding in August, the
ACC report noted.
Segments experiencing growths of greater than 1.0% included adhesives & sealants, antioxidants,
corrosion inhibitors, cosmetic chemicals, flame retardants, foundry chemicals,
oilfield chemicals, paint additives, pigments, plastic additives, rubber processing chemicals
and textile specialties. ❑
64 ChemiCal engineering www.Chemengonline.Com DeCemBer 2014
he preliminary value for the
September CE Plant Cost Index
(CEPCI; top; the most recent available)
rose 0.26% from the final
August value, extending the series
of monthly increases to six in a row.
All four of the major subindices increased
in September, with the Construction
Cost subsection seeing the
largest increase, percentage-wise.
The overall September PCI value
stands at 2.3% higher than its value
from September 2013. Meanwhile,
updated values for the Current
Business Indicators (CBI) from IHS
Global Insight (middle) show that
all the indicators increased slightly
from the corresponding values
for the previous month, except for
the Hourly Earnings index, which
dipped slightly. ❏
T
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Chemical Engineering December 2014

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