Chemical Engineering May 2022 - 68

Economic Indicators
2020
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Feb. '22
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 _________________________________
806.3
1,022.9
874.7
1,018.7
1,469.7
557.4
1,225.5
725.7
1,126.5
345.4
825.7
310.3
Jan. '22
Final
797.6
1,009.2
860.3
993.1
1,457.0
568.9
1213.2
698.9
1,115.5
345.6
831.3
310.7
900
Feb. '21
Final
637.8
782.8
675.3
771.1
1,052.6
450.7
1,111.5
575.4
847.0
333.6
653.4
310.8
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 (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 (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
Feb. '22 = 100.4
Jan. '22 = 2,134.7
Feb. '22 = 79.9
Feb. '22 = 339.4
Feb. '22 = 101.5
Feb. '22 = 195.5
Feb. '22 = 94.4
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
Jan. '22 = 98.8
Dec. '21 = 2,108.0
Jan. '22 = 78.7
Jan. '22 = 334.7
Jan. '22 = 100.4
Jan. '22 = 194.5
Jan. '22 = 95.0
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
T
CHEMICAL
ENGINEERING
ESSENTIALS FOR THE CPI PROFESSIONAL
Learn about the industry's critical
topics by viewing the latest
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68
FREE On Demand Webinars
he preliminary value for the February
2022 CE Plant Cost Index (the most
recent available) was higher than the
previous month, continuing the steep
monthly increases observed throughout
2021. The upward trend has been driven
largely by equipment costs - the Equipment
subindex rose in February while
the Construction Labor, Buildings and
Engineering & Supervision subindices
all fell slightly. The current CEPCI value
now sits at 26.4% higher than the corresponding
value from February 2021. A
larger-than-usual variance between the
preliminary and final January 2022 values,
coupled with a calculation error, resulted
in upwardly revised values for the
final January 2022 CEPCI, compared to
the preliminary numbers for January.
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM MAY 2022
5/24/16 4:43 PM
Dec. '21 = 99.3
Nov. '21 = 2,103.8
Dec. '21 = 79.1
Dec. '21 = 335.8
Dec. '21 = 100.3
Dec. '21 = 194.4
Dec. '21 = 93.7
YEAR AGO
Feb. '21 = 90.9
Jan. '21 = 1,816.1
Feb. '21 = 72.4
Feb. '21 = 268.9
Feb. '21 = 94.6
Feb. '21 = 194.8
Feb. '21 = 82.9
CPI OPERATING RATE (%)
2021
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
2022
http://www.chemengonline.com/pci http://www.chemengonline.com/webcasts http://WWW.CHEMENGONLINE.COM
Chemical Engineering May 2022

Table of Contents for the Digital Edition of Chemical Engineering May 2022
