Chemical Engineering March 2017 - 92

Economic Indicators
2015
2016
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
625
Dec. '16
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 _________________________________
550.8
660.9
573.7
667.1
833.9
397.0
973.5
512.1
713.9
324.2
547.0
314.1
Nov. '16
Final
546.6
654.1
567.6
663.5
818.9
394.0
966.0
510.7
707.9
326.1
546.0
313.5
Dec. '15
Final
537.0
641.1
556.0
649.2
791.3
381.2
965.0
507.7
703.0
321.6
536.6
316.2
Starting with the April 2007 Final numbers, several of the data series for labor and compressors have been converted to
accommodate series IDs that were discontinued by the U.S. Bureau of Labor Statistics
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
1700
1800
1900
2000
2100
2200
2300
J F M A M J J A S O N D
LATEST
Jan. '17 = 101.9
Dec. '16 = 1,860.7
Jan. '17 = 74.8
Jan. '17 = 241.9
Jan. '17 = 103.8
Jan. '17 = 168.1
Jan. '17 = 103.0
PREVIOUS
Dec. '16 = 101.2
Nov. '16 = 1,785.0
Dec. '16 = 74.3
Dec. '16 = 239.2
Dec. '16 = 103.5
Dec. '16 = 170.5
Dec. '16 = 102.6
CPI OUTPUT VALUE ($ BILLIONS)
70
72
74
76
78
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.
Nov. '16 = 101.3
Oct. '16 = 1,780.7
Nov. '16 = 74.4
Nov. '16 = 239.8
Nov. '16 = 103.3
Nov. '16 = 169.5
Nov. '16 = 102.0
YEAR AGO
Jan. '16 = 101.9
Dec. '15 = 1,734.2
Jan. '16 = 74.9
Jan. '16 = 223.6
Jan. '16 = 103.4
Jan. '16 = 160.5
Jan. '16 = 103.0
CPI OPERATING RATE (%)
Annual Index:
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 585.7
2012 = 584.6
2013 = 567.3
2014 = 576.1
2015 = 556.8
600
575
550
525
500
J F M A M J J A S O N D
2017
CURRENT TRENDS
T
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27206
he preliminary value for the December
CE Plant Cost Index (CEPCI; top; the
most recent available) was higher than
the previous month's value by a signficant
margin for the second consecutive
month. The jump was due to a rise in
the Equipment subindex, along with increases
in the Buildings and Engineering
& Supervision subindices. The Construction
Labor subindex saw a small decline.
The preliminary December 2016 CEPCI
value stands at 2.6% higher than the corresponding
value from December 2015.
This continues a months-long trend of
higher year-over-year values. Meanwhile,
the latest Current Business Indicators
(CBI; middle) for January 2017 saw small
increases in the CPI Output Index and the
Productivity Index.
92
27206_CE16_Eco_Ind_flyer.indd 11
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5/23/16 2:27 PM
MARCH 2017
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Chemical Engineering March 2017

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