Chemical Engineering May 2021 - 60

Economic Indicators
2019
2020
2021
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Feb. '21
Prelim.
CE Index ______________________________________________ 637.9
Equipment ____________________________________________ 782.8
Heat exchangers & tanks _________________________________ 675.3
Process machinery _____________________________________ 771.1
Pipe, valves & fittings ____________________________________ 1052.6
Process instruments ____________________________________ 450.7
Pumps & compressors ___________________________________ 1111.5
Electrical equipment ____________________________________ 575.4
Structural supports & misc. ________________________________ 847.0
Construction labor _______________________________________ 334.5
Buildings _____________________________________________ 653.5
Engineering & supervision _________________________________ 310.8
Jan. '21
Final
616.5
751.5
637.3
746.8
1012.4
439.8
1103.4
573.2
798.7
334.6
635.0
311.1
650
Feb. '20
Final
595.2
722.0
615.5
722.1
952.0
416.9
1083.6
563.7
767.2
335.4
590.7
313.1
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)†
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
1500
1600
1700
1800
1900
2000
2300
J F M A M J J A S O N D
LATEST
Mar. '21 = 99.1
Feb. '21 = 1,985.7
Mar. '21 = 74.1
Mar. '21 = 287.0
Mar. '21 = 102.8
Mar. '21 = 192.9
Mar. '21 = 100.1
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
625
600
575
550
525
500
J F M A M J J A S O N D
PREVIOUS
YEAR AGO
Feb. '21 = 100.6
Jan. '21 = 1,952.1
Feb. '21 = 75.2
Feb. '21 = 235.3
Feb. '21 = 102.6
Feb. '21 = 194.3
Feb. '21 = 104.4
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 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
2021 (the most recent available) indicates
another large monthly rise, the fifth consecutive
monthly increase. The large uptick
in February seems to be tied largely
to significant increases in producer prices
for steel products, including carbon steel
sheets, plates and bars. These increases
resulted in higher values for the both the
Equipment and Buildings subindices. The
Construction Labor and Engineering &
Supervision subindices actually both saw
small decreases in February. The current
CEPCI value now sits at 7.2% higher than
the corresponding value from February
2020. The Current Business Indicators
(middle) showed a small decline in the
CPI Output Index for March.
T
Jan. '21 = 100.6
Dec. '20 = 1,952.1
Jan. '21 = 75.2
Jan. '21 = 235.3
Jan. '21 = 102.6
Jan. '21 = 194.3
Jan. '21 = 104.4
Mar. '20 = 100.0
Feb. '20 = 1,987.5
Mar. '20 = 74.5
Mar. '20 = 237.9
Mar. '20 = 99.6
Mar. '20 = 186.8
Mar. '20 = 101.2
CPI OPERATING RATE (%)
CPI OPERATING RATE (%)
C
M
Y
CM
MY
CY
CMY
K
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60
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Chemical Engineering May 2021

Table of Contents for the Digital Edition of Chemical Engineering May 2021
