Chemical Engineering March 2022 - 48

Economic Indicators
2019
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Dec. '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 _________________________________
776.9
979.7
832.6
977.6
1415.0
564.0
1179.4
679.0
1064.9
348.0
808.1
303.3
Nov. '21
Final
773.1
973.8
825.7
976.7
1402.1
569.3
1178.8
672.4
1056.6
348.2
796.3
310.5
900
Dec. '20
Final
606.9
737.3
621.4
737.7
998.7
433.4
1086.2
571.2
772.5
336.4
621.0
311.6
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 (2017 = 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
Dec. '21 = 99.8
Nov. '21 = 2,108.1
Dec. '21 = 79.5
Dec. '21 = 340.0
Dec. '21 = 100.2
Dec. '21 = 195.8
Dec. '21 = 96.4
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
Nov. '21 = 99.9
Oct. '21 = 2,090.2
Nov. '21 = 79.7
Nov. '21 = 340.5
Nov. '21 = 100.5
Nov. '21 = 194.6
Nov. '21 = 96.7
CPI OUTPUT VALUE ($ BILLIONS)
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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he preliminary value for the CE Plant
Cost Index (CEPCI; top) for December
2021 (most recent available)
rose compared to the previous month,
extending the increases observed
throughout 2021. For December 2021,
increases in the Equipment and Buildings
subindices more than offset reductions
in the Construction Labor and
Engineering & Supervision subindices.
The current CEPCI value now sits at
28.0% higher than the corresponding
value from December 2020. Meanwhile,
the Current Business Indicators
(middle) showed slight decreases in the
CPI output index and CPI operating
rate for December 2021, and a small
increase in the CPI value of output for
November 2021.
MARCH 2022
T
Oct. '21 = 98.9
Sept. '21 = 2,020.8
Oct. '21 = 78.9
Oct. '21 = 332.8
Oct. '21 = 99.9
Oct. '21 = 195.1
Oct. '21 = 358.0
YEAR AGO
Dec. '20 = 95.0
Nov. '20 = 1,711.2
Dec. '20 = 75.6
Dec. '20 = 240.0
Dec. '20 = 96.8
Dec. '20 = 194.3
Dec. '20 = 92.1
CPI OPERATING RATE (%)
CPI OPERATING RATE (%)
2020
2021
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Chemical Engineering March 2022

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