Chemical Engineering July 2023 - 48

Economic Indicators
2021
2022
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Apr. '23
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 _________________________________
803.4
1,014.5
832.9
1,041.8
1,397.6
567.2
1,391.9
796.0
1,128.5
362.5
808.3
313.8
Mar. '23
Final
799.1
1,008.5
821.1
1,032.9
1,401.7
566.4
1,391.8
794.8
1,119.5
361.7
805.4
313.0
900
Apr. '22
Final
816.3
1,037.1
876.0
1,063.9
1,472.8
573.5
1,248.9
751.8
1,144.7
348.3
827.0
311.8
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
2400
2300
1800
1900
2000
2100
2200
J F M A M J J A S O N D
LATEST
Apr. '23 = 100.1
Mar. '23 = 2,359.0
Apr. '23 = 80.0
Apr. '23 = 328.0
Apr. '23 = 99.8
Mar. '23 = 217.0
Apr. '23 = 91.4
Annual Index:
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
2020 = 596.2
2021 = 708.8
2022 = 816.0
850
800
750
700
650
600
550
500
J F M A M J J A S O N D
PREVIOUS
Mar. '23 = 99.6
Feb. '23 = 2,421.0
Mar. '23 = 79.6
Mar. '23 = 326.4
Mar. '23 = 98.9
Feb. '23 = 210.7
Mar. '23 = 92.0
CPI OUTPUT VALUE ($ BILLIONS)
60
65
70
75
80
85
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
CHEMICAL
ENGINEERING
ESSENTIALS FOR THE CPI PROFESSIONAL
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he preliminary value for the CE Plant
Cost Index (CEPCI; top) for April
2023 (most recent available) rose compared
to the previous month's value,
the second consecutive monthly rise.
The April values saw small increases in
all four subindices (Equipment; Buildings;
Construction Labor; and Engineering
& Supervision). The current CEPCI
value now sits at 1.6% lower than the
corresponding value from April 2022.
Regarding the Current Business Indicators
(middle), readers will notice a large
increase in the CPI Output Values for
2023. This increase is likely the result of
annual revisions made by the U.S. Census
Bureau. Shipments of nondurable
goods (including chemicals and fuels)
were revised higher for the year.
5/24/16 4:43 PM
JUNE 2023
T
Feb. '23 = 99.9
Jan. '23 = 2,452.9
Feb. '23 = 80.0
Feb. '23 = 327.2
Feb. '23 = 99.7
Jan. '23 = 211.6
Feb. '23 = 92.2
YEAR AGO
Apr. '22 = 101.2
Mar. '22 = 2,473.0
Apr. '22 = 81.8
Apr. '22 = 358.8
Apr. '22 = 100.8
Mar. '22 = 198.4
Apr. '22 = 93.5
CPI OPERATING RATE (%)
2023
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
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Chemical Engineering July 2023

Table of Contents for the Digital Edition of Chemical Engineering July 2023

Chemical Engineering July 2023 - Intro
Chemical Engineering July 2023 - Cover1
Chemical Engineering July 2023 - Cover2
Chemical Engineering July 2023 - 1
Chemical Engineering July 2023 - 2
Chemical Engineering July 2023 - 3
Chemical Engineering July 2023 - 4
Chemical Engineering July 2023 - 5
Chemical Engineering July 2023 - 6
Chemical Engineering July 2023 - 7
Chemical Engineering July 2023 - 8
Chemical Engineering July 2023 - 9
Chemical Engineering July 2023 - 10
Chemical Engineering July 2023 - 11
Chemical Engineering July 2023 - 12
Chemical Engineering July 2023 - 13
Chemical Engineering July 2023 - 14
Chemical Engineering July 2023 - 15
Chemical Engineering July 2023 - 16
Chemical Engineering July 2023 - 17
Chemical Engineering July 2023 - 18
Chemical Engineering July 2023 - 19
Chemical Engineering July 2023 - 20
Chemical Engineering July 2023 - 21
Chemical Engineering July 2023 - 22
Chemical Engineering July 2023 - 23
Chemical Engineering July 2023 - 24
Chemical Engineering July 2023 - 25
Chemical Engineering July 2023 - 26
Chemical Engineering July 2023 - 27
Chemical Engineering July 2023 - 28
Chemical Engineering July 2023 - 29
Chemical Engineering July 2023 - 30
Chemical Engineering July 2023 - 31
Chemical Engineering July 2023 - 32
Chemical Engineering July 2023 - 33
Chemical Engineering July 2023 - 34
Chemical Engineering July 2023 - 35
Chemical Engineering July 2023 - 36
Chemical Engineering July 2023 - 37
Chemical Engineering July 2023 - 38
Chemical Engineering July 2023 - 39
Chemical Engineering July 2023 - 40
Chemical Engineering July 2023 - 41
Chemical Engineering July 2023 - 42
Chemical Engineering July 2023 - 43
Chemical Engineering July 2023 - 44
Chemical Engineering July 2023 - 45
Chemical Engineering July 2023 - 46
Chemical Engineering July 2023 - 47
Chemical Engineering July 2023 - 48
Chemical Engineering July 2023 - Cover3
Chemical Engineering July 2023 - Cover4
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