Chemical Engineering May 2020 - 68

Economic Indicators
2018
2019
2020
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Feb. '20
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 _________________________________
595.4
722.0
615.6
722.3
952.0
417.0
1083.6
563.7
767.2
336.0
590.8
313.7
Jan. '20
Final
596.2
724.1
618.8
721.7
957.3
419.1
1080.2
563.8
767.1
333.9
588.2
313.7
625
Feb. '19
Final
617.1
754.7
674.7
728.6
971.7
418.8
1063.8
554.4
838.4
333.7
599.7
316.8
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 (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
Mar. '20 = 98.8
Feb. '20 = 1,953.4
Mar. '20 = 73.4
Mar. '20 = 238.3
Mar. '20 = 98.3
Mar. '20 = 188.7
Mar. '20 = 100.1
PREVIOUS
Feb. '20 = 102.4
Jan. '20 = 1,987.6
Feb. '20 = 76.0
Feb. '20 = 241.9
Feb. '20 = 104.9
Feb. '20 = 185.9
Feb. '20 = 100.1
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.
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 February
2020 (the most recent available)
decreased slightly from the previous
month's value, with the values of the
four major subindices comprising the
CEPCI being mixed. While the Equipment
subindex was down for February,
the Construction Labor and Buildings
subindices were ticked upward. The
Engineering & Supervision remained
flat. The current CEPCI value is 3.5%
lower than the corresponding value
from a year ago at the same time.
Meanwhile, the Current Business Indicators
(CBI; middle) saw a drop in the
CPI Output Index and CPI Operating
Rate for March 2020, and decrease in
the CPI value of output for February.
T
Jan. '20 = 103.3
Dec. '19 = 2,022.0
Jan. '20 = 76.7
Jan. '20 = 245.8
Jan. '20 = 104.9
Jan. '20 = 188.2
Jan. '20 = 99.5
YEAR AGO
Mar. '19 = 102.7
Feb. '19 = 1,953.0
Mar. '19 = 77.0
Mar. '19 = 258.3
Mar. '19 = 105.2
Mar. '19 = 184.1
Mar. '19 = 96.5
CPI OPERATING RATE (%)
Annual Index:
2012 = 584.6
2013 = 567.3
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
600
575
550
525
500
J F M A M J J A S O N D
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Chemical Engineering May 2020

Table of Contents for the Digital Edition of Chemical Engineering May 2020
