Chemical Engineering February 2021 - 48

Economic Indicators
2018
2019
2020
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Nov. '20
Prelim.
CE Index ______________________________________________ 600.6
Equipment ____________________________________________ 728.2
Heat exchangers & tanks _________________________________ 615.0
Process machinery _____________________________________ 724.5
Pipe, valves & fittings ____________________________________ 979.2
Process instruments ____________________________________ 423.2
Pumps & compressors ___________________________________ 1084.0
Electrical equipment ____________________________________ 569.5
Structural supports & misc. ________________________________ 768.5
Construction labor _______________________________________ 337.4
Buildings _____________________________________________ 612.9
Engineering & supervision _________________________________ 310.8
Oct. '20
Final
595.9
720.7
607.7
720.9
965.1
421.0
1084.0
568.9
755.1
337.7
616.7
310.9
625
Nov. '19
Final
596.0
723.3
619.9
720.7
955.9
419.2
1072.8
561.6
764.6
336.0
586.6
313.3
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 (2012 = 100) ____________________________________________________
CPI value of output, $ billions _____________________________________________________
CPI operating rate, % __________________________________________________________
Producer prices, industrial chemicals (1982 = 100) ____________________________________
Industrial Production in Manufacturing (2012 =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)†
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
Dec. '20 = 99.6
Nov. '20 = 1,890.3
Dec. '20 = 74.5
Dec. '20 = 235.3
Dec. '20 = 102.2
Dec. '20 = 195.5
Dec. '20 = 102.7
PREVIOUS
Nov. '20 = 97.9
Oct. '20 = 1,860.7
Nov. '20 = 73.2
Nov. '20 = 228.4
Nov. '20 = 101.3
Nov. '20 = 191.9
Nov. '20 = 102.3
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 2000 to 2012
Current business indicators provided by Global Insight, Inc., Lexington, Mass.
CURRENT TRENDS
CHEMICAL
ENGINEERING
ESSENTIALS FOR THE CPI PROFESSIONAL
Learn about the industry's critical
topics by viewing the latest
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he preliminary value for the CE Plant
Cost Index (CEPCI; top) for November
2020 (the most recent available)
increased compared to the previous
month's value. The increase for November
is the second consecutive monthly
increase, and this month's rise is larger in
magnitude than the previous month's increase.
An uptick in the Equipment subindex
in the latest data drove the overall
monthly increase in the CEPCI, offsetting
small decreases in the Construction
Labor, Buildings, and Engineering
& Supervision subindexes. The current
CEPCI value now sits at 0.8% higher
than the corresponding value from November
2019. Prior to this month, the
year-over-year value for the CEPCI had
been negative since July 2019.
T
Oct. '20 = 98.0
Sept. '20 = 1,845.2
Oct. '20 = 73.2
Oct. '20 = 226.5
Oct. '20 = 100.5
Oct. '20 = 188.6
Oct. '20 = 100.8
YEAR AGO
Dec. '19 = 102.4
Nov. '19 = 2,027.9
Dec. '19 = 76.1
Dec. '19 = 246.9
Dec. '19 = 105.1
Dec. '19 = 187.9
Dec. '19 = 98.2
CPI OPERATING RATE (%)
CPI OPERATING RATE (%)
C
M
Y
CM
MY
CY
CMY
K
Annual Index:
2012 = 584.6
2013 = 567.3
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
600
575
550
525
500
J F M A M J J A S O N D
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Chemical Engineering February 2021

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