Chemical Engineering January 2022 - 48

Economic Indicators
2019
2020
2021
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Oct. '21
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 _________________________________
761.5
956.8
819.2
962.5
1359.9
558.3
1177.4
644.6
1043.5
350.0
780.8
310.8
Sept. '21
Final
754.0
946.5
810.6
958.5
1330.9
551.3
1180.5
639.3
1038.9
348.4
771.9
311.1
900
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
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 (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
Oct. '21 = 98.5
Sept. '21 = 2,005.4
Oct. '21 = 78.5
Oct. '21 = 335.4
Oct. '21 = 99.8
Oct. '21 = 195.9
Oct. '21 = 95.4
Annual Index:
2013 = 567.3
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
2020 = 596.2
850
800
750
700
650
600
550
500
J F M A M J J A S O N D
PREVIOUS
Sept. '21 = 97.3
Aug. '21 = 1,984.9
Sept. '21 = 77.6
Sept. '21 = 345.2
Sept. '21 = 98.6
Sept. '21 = 198.3
Sept. '21 = 94.4
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 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 October
2021 (the most recent available) is once
again higher than the previous month,
continuing the upward trajectory of
the index that has been observed for
the past year. In October, three of the
four major subindices that make up
the CEPCI saw upticks (Equipment,
Building and Construction Labor). The
Engineering & Supervision subindex
saw a small decline. The current CEPCI
value now sits at 21.7% higher than
the corresponding value from October
2020. The Current Business Indicators
(middle) shown here are the same as
those shown in the previous issue because
updated data were not available
at presstime.
JANUARY 2022
T
Aug. '21 = 98.3
Jul. '21 = 1,966.0
Aug. '21 = 78.4
Aug. '21 = 331.0
Aug. '21 = 99.3
Aug. '21 = 193.6
Aug. '21 = 356.0
YEAR AGO
Oct. '20 = 93.9
Sept. '20 = 1,672.2
Oct. '20 = 74.6
Oct. '20 = 227.7
Oct. '20 = 95.6
Oct. '20 = 188.6
Oct. '20 = 90.4
CPI OPERATING RATE (%)
48
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Chemical Engineering January 2022

Table of Contents for the Digital Edition of Chemical Engineering January 2022
