Chemical Engineering February 2014 - 64

Economic Indicators
2011
2012
CHemiCAl engineering plAnt Cost indeX (CepCi)
(1957-59 = 100)
Nov. '13
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
566.8
686.7
620.7
653.1
873.9
411.5
924.3
514.1
746.3
318.3
533.3
323.9
Oct. '13
Final
567.5
686.6
620.0
655.7
874.5
411.8
924.7
513.8
744.1
321.6
533.7
324.4
Nov. '12
Final
570.6
691.7
634.0
656.7
890.4
420.7
895.8
511.2
726.0
321.6
525.0
327.3
dOWNLOAd THe cepci TWO WeeKS SOONeR AT www.che.com/pci
650
Annual
Index:
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 585.7
2012 = 584.6
600
550
500
450
400
J F M A M J J A S O N D
2013
Current Business indiCAtors*
CPI output index (2007 = 100)
LATeST
Dec. '13 =
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.
Dec. '13 =
Dec. '13 =
Dec. '13 =
Dec. '13 =
89.6 Nov. '13 =
Nov. '13 = 2,148.5
Dec. '13 =
75.5 Nov. '13 =
PReVIOUS
89.0
Oct. '13 = 2,140.7
75.1
294.2 Nov. '13 = 291.5
97.8 Nov. '13 =
97.4
160.3 Nov. '13 = 156.3
107.6 Nov. '13 = 107.2
Cpi output VAlue ($ Billions)
60
65
70
75
80
85
J F M A M J J A S O N D
YeAR AGO
Oct. '13 =
Oct. '13 =
Oct. '13 =
Oct. '13 =
Oct. '13 =
88.7
75.0
296.3
96.8
156.6
107.3
Dec.'12 =
Dec.'12 =
Dec.'12 =
Dec.'12 =
Dec.'12 =
Dec.'12 =
88.4
Sep. '13 = 2,152.1 Nov.'12 = 2,159.8
Oct. '13 =
75.2
297.1
95.3
153.6
106.5
Cpi operAting rAte (%)
HigHligHts From reCent ACC Weekly reports
Current trends
T
he S&P index for chemical companies rose by 4.2% in December 2013, outpacing the overall S&P
500 index, which rose 2.4%. The numbers were included in the Weekly Chemistry and Economic
P
Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com)
for the week of January 10. Over the entirety of 2013, the S&P chemical index rose by 29.6%, its
largest annual gain since 1997, the ACC report says. The S&P 500 rose 29.0% in 2013.
In the report for the week of January 3, the ACC indicated that the JP Morgan Global Manufacturing
purchasing managers' index (PMI) rose 0.2 points in December 2013, to a level of 53.3. The gain is
the 12th consecutive monthly rise, and the highest level for the index in 32 months.
" Output growth was again led by the G7 developed nations in December, as robust expansions in
the U.S., Japan, Germany, the U.K. (which registered the highest Output PMI reading of all countries)
and Italy offset the ongoing contraction in France and a sharp growth slowdown in Canada, " says
the ACC report.
In other data discussed in the report, U.S. specialty-chemical market volumes rose 0.8% in November
2013. " The 2013 slowdown in manufacturing affected these business segments, but recovery in
specialty chemicals appears to be broadening, " the ACC says.
Of the 28 specialty chemical segments monitored by ACC, 24 expanded in November, while the
remaining four experienced decline. Large gains (1.0% or greater) were noted in 13 segments, the
ACC noted, including the following: adhesives and sealants; antioxidants; biocides; catalysts; coatings;
cosmetic additives; electronic chemicals; flavors and fragrances; foundry chemicals; oilfield chemicals;
paint additives; rubber processing chemicals; and textile specialties.
❑
64 ChemiCal engineering www.Che.Com February 2014
reliminary data for the November
2013 CE Plant Cost
Index (CEPCI; top; the most recent
available) show a small decrease
(0.12%) in the overall index compared
to the October index value.
The decrease reverses the trend
direction for the three previous
months, which all saw increases
in the PCI. The decrease in the
overall index was mostly due to
decreases in the index subcategories
for Process Machinery
and Construction Labor. The current
CEPCI value stands at 0.67%
lower than the value from a year
ago. Meanwhile, updated values
for the Current Business Indicators
from IHS Global Insight (middle)
saw the numbers for each category
increase compared to the
previous month's values.
❑
http://www.che.com/pci http://www.americanchemistry.com http://www.Che.Com
Chemical Engineering February 2014

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