Chemical Engineering May 2012 - 82

Economic Indicators
2010
2011
DOWNLOAD THE CEPCI TWO WEEKS SOONER AT WWW.CHE.COM/PCI
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Feb. '12
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
596.2
730.6
689.9
677.8
933.5
433.8
919.6
514.2
772.9
321.5
524.2
328.4
Jan. '12
Final
593.6
726.8
686.7
676.1
924.9
427.8
911.6
511.6
776.1
321.1
520.4
329.9
Feb. '11
Final
574.6
696.6
654.4
653.5
868.3
440.8
892.6
498.0
732.1
326.2
509.9
334.9
650
Annual
Index:
600
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 585.7
550
500
450
400
J F M A M J J A S O N D
2012
CURRENT BUSINESS INDICATORS
CPI output index (2007 = 100)
LATEST
Mar. '12 =
CPI value of output, $ billions
CPI operating rate, %
Producer prices, industrial chemicals (1982 = 100)
Industrial Production in Manufacturing (2007=100)
Hourly earnings index, chemical & allied products (1992 = 100)
Productivity index, chemicals & allied products (1992 = 100)
CPI OUTPUT INDEX (2007 = 100)
100
110
120
70
80
90
J F M A M J J A S O N D
1000
1300
1600
1900
2200
2500
J F M A M J J A S O N D
Current Business Indicators provided by IHS Global Insight, Inc., Lexington, Mass.
89.8 Feb. '12 =
Feb. '12 = 2,180.7
Mar. '12 =
Mar. '12 =
Mar. '12 =
Mar. '12 =
Mar. '12 =
77.5 Feb. '12 =
PREVIOUS
90.2 Jan. '12 =
Jan. '12 = 2,144.8
77.9 Jan. '12 =
329.5 Feb. '12 = 318.1 Jan. '12 =
94.4 Feb. '12 =
94.6 Jan. '12 =
156.8 Feb. '12 = 156.5 Jan. '12 =
106.6 Feb. '12 = 107.1 Jan. '12 =
CPI OUTPUT VALUE ($ BILLIONS)
60
65
70
75
80
85
J F M A M J J A S O N D
Dec. '11 = 2,119.8
YEAR AGO
89.6 Mar. '11 =
77.4 Mar. '11 =
303.9 Mar. '11 =
93.8 Mar. '11 =
158.7 Mar. '11 =
107.4 Mar. '11 =
87.8
Feb. '11 = 1,990.4
75.7
317.5
90.0
155.7
110.8
CPI OPERATING RATE (%)
CURRENT TRENDS
apital equipment prices, as reflected in the CE Plant Cost
Index (CEPCI), increased 0.4% from January to February.
The April 2011 issue of CE released the annual 2011 CEPCI,
585.7, which is an 6.3% increase from 2010 and an 11.4%
increase from 2009. It also is the first annual number to surpass
the previous peak of 2008.
Sales of chemicals at the wholesale level rose in February
by 1.6%, to $9.8 billion, according to data from the
American Chemistry Council (ACC; Washington, D.C.; www.
americanchemistry.com). Chemical inventories also rose in
February by 1.2%, to $11.5 billion. The inventories-to-sales
64 CHEMICAL ENGINEERING WWW.CHE.COM MAY 2012
C
ratio is higher now than compared to a year ago, suggesting
that there may be " some imbalances building at this stage of
the supply chain, " an ACC report says.
Globally, China's economic growth slowed for the fourth
quarter in a row, and is at its lowest pace in three years, the
ACC report says, adding that a severe slowdown in China " is
one risk to the global economy " . Citing industrial production
data from Europe, ACC says that the downturn there " may
be easing. "
Visit www.che.com/pci for more information and other tips
on capital cost trends and methodology. ■
http://WWW.CHE.COM/PCI http://www.americanchemistry.com http://www.che.com/pci http://WWW.CHE.COM
Chemical Engineering May 2012

Table of Contents for the Digital Edition of Chemical Engineering May 2012
