Chemical Engineering July 2020 - 49

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)
Apr. '20
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 _________________________________
595.5
723.5
620.7
725.4
944.3
411.3
1086.3
561.3
777.8
331.9
590.7
313.0
Mar. '20
Final
598.3
726.2
621.4
724.7
954.7
416.8
1085.2
562.3
778.5
335.7
595.2
313.4
625
Apr. '19
Final
617.3
754.4
670.7
731.3
976.7
419.7
1068.4
556.1
834.0
335.9
598.3
316.9
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 (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)†
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
May '20 = 90.7
Apr. '20 = 1,593.4
May '20 = 67.4
May '20 = 203.1
May '20 = 87.2
May '20 = 183.7
May '20 = 97.3
PREVIOUS
Apr. '20 = 88.7
Mar. '20 = 1,809.5
Apr. '20 = 66.1
Apr. '20 = 211.9
Apr. '20 = 84.0
Apr. '20 = 193.5
Apr. '20 = 99.1
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.
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T
he preliminary
CURRENT TRENDS
value
for
Mar. '20 = 99.5
Feb. '20 = 1,987.5
Mar. '20 = 73.9
Mar. '20 = 238.3
Mar. '20 = 99.4
Mar. '20 = 186.8
Mar. '20 = 100.5
YEAR AGO
May '19 = 101.8
Apr. '19 = 2,043.9
May '19 = 76.1
May '19 = 254.4
May '19 = 104.4
May '19 = 184.9
May '19 = 95.8
CPI OPERATING RATE (%)
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
the CE
Plant Cost Index (CEPCI; top) for
April 2020 (the most recent available)
decreased compared to the previous
month's value, with the values of all four
major subindices
(Equipment;
Construction
Labor; Buildings; and Engineering
& Supervision) comprising the
CEPCI seeing declines. The current
CEPCI value is 3.5% lower than the
corresponding value from a year ago.
Meanwhile, the Current Business Indicators
(CBI; middle) showed a small rebound
for the CPI output index and the
CPI operating rate after declines in April.
However, other measures, including the
productivity index for chemicals and allied
products decreased, as did the CPI
value of output index for April.
48
ChemiCal engineering www.Chemengonline.Com July 2020
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Chemical Engineering July 2020

Table of Contents for the Digital Edition of Chemical Engineering July 2020
