Chemical Engineering July 2021 - 48

Economic Indicators
2019
2020
2021
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
700
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Apr. '21
Prelim.
CE Index ______________________________________________
Equipment ____________________________________________
Heat exchangers & tanks _________________________________
Process machinery _____________________________________
Pipe, valves & fittings ____________________________________
Process instruments ____________________________________
Pumps & compressors ___________________________________
Electrical equipment ____________________________________
Structural supports & misc. ________________________________ 904.5
Construction labor _______________________________________
Buildings _____________________________________________
Engineering & supervision _________________________________
677.7
837.4
723.6
854.8
1,129.5
495.3
1,111.4
593.3
340.2
710.6
310.3
Mar. '21
Final
655.9
808.5
698.5
792.5
1,094.3
474.6
1,111.9
586.3
877.3
333.9
678.7
310.2
675
Apr. '20
Final
595.6
723.4
620.6
725.4
944.3
411.3
1,086.3
561.3
777.8
332.6
591.0
313.0
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
May '21 = 96.0
Apr. '21 = 1,837.7
May '21 = 76.5
May '21 = 299.4
May '21 = 98.2
May '21 = 195.9
May '21 = 92.5
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
650
625
600
575
550
525
500
J F M A M J J A S O N D
PREVIOUS
Apr. '21 = 95.0
Mar. '21 = 1,761.8
Apr. '21 = 75.6
Apr. '21 = 240.0
Apr. '21 = 96.8
Apr. '21 = 194.3
Apr. '21 = 92.1
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 2012 to 2017
Current business indicators provided by Global Insight, Inc., Lexington, Mass.
CURRENT TRENDS
T
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27206
he preliminary value for the CE Plant
Cost Index (CEPCI; top) for April 2021
(most recent available) continues the
string of sizeable monthly increases. In
April, large upticks were observed in the
Equipment, Buildings and Construction
Labor subindices, while the Engineering
& Supervision subindex saw a slight
rise. The current CEPCI value now sits
at 13.8% higher than the corresponding
value from April 2020. The Current Business
Indicators (middle) changed the
base years for two of the indices. The U.S.
Federal Reserve (www.federalreserve.
gov), the source of the data, changed the
base year of the CPI Output Index to 2017
(previously, it had been 2012), and also
changed the Industrial Production in Manufacturing
base year to 2017 from 2012.
48
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
JULY 2021
Mar. '21 = 95.0
Feb. '21 = 1,761.8
Mar. '21 = 75.6
Mar. '21 = 240.0
Mar. '21 = 96.8
Mar. '21 = 194.3
Mar. '21 = 92.1
YEAR AGO
May '20 = 85.3
Apr. '20 = 1,428.3
May '20 = 67.3
May '20 = 200.0
May '20 = 83.1
May '20 = 192.2
May '20 = 88.1
CPI OPERATING RATE (%)
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Chemical Engineering July 2021

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