Chemical Engineering February 2012 - 54

Economic Indicators
2009
2010
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
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
Nov. '11
Prelim.
590.8
721.0
686.6
674.0
899.3
428.0
910.4
510.6
767.5
326.9
518.5
330.4
Oct. '11
Final
594.0
724.7
691.5
674.9
906.3
432.5
911.5
508.8
769.8
330.0
521.2
330.4
669.0
618.3
627.0
847.0
426.1
904.0
487.1
688.2
328.8
501.4
336.1
DOWNLOAD THE CEPCI TWO WEEKS SOONER AT WWW.CHE.COM/PCI
650
Nov. '10
Final
556.7
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
600
550
500
450
400
J F M A M J J A S O N D
2011
CURRENT BUSINESS INDICATORS
CPI output index (2007 = 100)
LATEST
Dec. '11 =
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
110
120
70
80
90
J F M A M J J A S O N D
1000
1300
1600
1900
2200
2500
J F M A M J J A S O N D
Current Business Indicators provided by IHS Global Insight, Inc., Lexington, Mass.
88.6 Nov. '11 =
Nov. '11 = 2,110.9
Dec. '11 =
Dec. '11 =
Dec. '11 =
Dec. '11 =
Dec. '11 =
76.6 Nov. '11 =
PREVIOUS
87.7 Oct. '11 =
Oct. '11 = 2,095.8
75.8 Oct. '11 =
309.6 Nov. '11 = 320.2 Oct. '11 =
92.1 Nov. '11 =
91.3 Oct. '11 =
164.8 Nov. '11 = 156.7 Oct. '11 =
111.0 Nov. '11 = 111.0 Oct. '11 =
CPI OUTPUT VALUE ($ BILLIONS)
60
65
70
75
80
85
J F M A M J J A S O N D
YEAR AGO
87.9 Dec. '10 =
331.0 Dec. '10 =
91.6 Dec. '10 =
157.2 Dec. '10 =
109.8 Dec. '10 =
CPI OPERATING RATE (%)
87.1
Sep. '11 = 2,102.2 Nov. '10 = 1,843.8
75.9 Dec. '10 =
74.9
285.5
88.8
154.9
113.7
MARSHALL & SWIFT EQUIPMENT COST INDEX
(1926 = 100)
4th Q
2011
M & S INDEX
Process industries, average
Cement
Chemicals
Clay products
Glass
Paint
Paper
Petroleum products
Rubber
Related industries
Electrical power
Mining, milling
Refrigeration
Steam power
1,536.5
1,597.7
1,596.7
1,565.0
1,583.6
1,495.7
1,613.6
1,507.6
1,704.9
1,644.2
1,515.0
1,659.6
1,889.4
1,574.3
3rd Q
2011
1,533.3
1,592.5
1,589.3
1,559.8
1,579.2
1,491.1
1,608.7
1,502.4
1,698.7
1,641.4
1,517.6
1,648.6
1,884.4
1,572.2
Annual Index:
2003 = 1,123.6 2004 = 1,178.5 2005 = 1,244.5 2006 = 1,302.3
2007 = 1,373.3 2008 = 1,449.3 2009 = 1,468.6 2010 = 1,457.4
2nd Q
2011
1,512.5
1,569.0
1,568.0
1,537.4
1,557.5
1,469.2
1,584.1
1,480.7
1,672.0
1,617.4
1,494.9
1,623.5
1,856.4
1,546.5
1st Q
2011
1,490.2
1,549.8
1,546.6
1,519.8
1,534.9
1,447.2
1,560.7
1,459.4
1,652.5
1,596.2
1,461.2
1,599.7
1,827.8
1,523.0
CURRENT TRENDS
4th Q
2010
1,476.7
1,537.0
1,532.5
1,507.3
1,521.4
1,432.7
1,545.8
1,447.6
1,640.4
1,581.5
1,434.9
1,579.4
1,809.3
1,506.4
1365
1380
1395
1410
1425
1440
1455
1470
1485
1500
1515
1530
1545
1st 2nd 3rd
Quarter
4th
Marshall & Swift's Marshall Valuation Service© manual. 2012 Equipment Cost Index Numbers reprinted and
published with the permission of Marshall & Swift/Boeckh, LLC and its licensors, copyright 2012. May not be
reprinted, copied, automated or used for valuation without Marshall & Swift/Boeckh's prior permission.
52 CHEMICAL ENGINEERING WWW.CHE.COM FEBRUARY 2012
apital equipment prices,
as reflected in the CE
Plant Cost Index (CEPCI),
decreased 0.53% from
October to November. Decreases
are typical during
the third quarter.
Meanwhile, the CPI Operating
Rate, as reported
from IHS Global Insight,
increased 0.8% from November
to December. The
CPI Output Index increased
from 87.7 to 88.6 (where
2007=100).
Visit www.che.com/pci for
more information and other
tips on capital cost trends and
methodology. ■
C
http://WWW.CHE.COM/PCI http://www.che.com/pci http://WWW.CHE.COM
Chemical Engineering February 2012

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