Chemical Engineering November 2021 - 48

Economic Indicators
2019
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Aug. '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 _________________________________
735.8
919.5
787.4
921.2
1304.7
541.3
1148.8
616.8
1000.4
347.2
767.3
310.2
July '21
Final
720.2
896.8
767.5
913.4
1245.0
531.3
1151.5
614.5
974.8
344.0
765.3
310.5
900
Aug. '20
Final
594.1
718.1
608.2
718.4
955.3
416.9
1084.0
563.5
756.1
340.9
601.7
312.1
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 (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)†
(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
Sept. '21 = 97.5
Aug. '21 = 1,983.8
Sept. '21 = 77.8
Sept. '21 = 345.2
Sept. '21 = 98.7
Sept. '21 = 200.6
Sept. '21 = 95.0
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
Aug. '21 = 98.5
Jul. '21 = 1,966.0
Aug. '21 = 78.6
Aug. '21 = 331.0
Aug. '21 = 99.4
Aug. '21 = 195.5
Aug. '21 = 95.8
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.
CHEMICAL
ENGINEERING
ESSENTIALS FOR THE CPI PROFESSIONAL
Learn about the industry's critical
topics by viewing the latest
On Demand webinars.
For a list of FREE
webinars, visit
chemengonline.com/webcasts
FREE On Demand Webinars
T
he preliminary
CURRENT TRENDS
value
for
August 2021 (most
recent
Jul. '21 = 98.3
Jun. '21 = 1,942.5
Jul. '21 = 78.4
Jul. '21 = 316.2
Jul. '21 = 99.8
Jul. '21 = 195.8
Jul. '21 = 355.0
YEAR AGO
Sept. '20 = 92.0
Aug. '20 = 1,663.4
Sept. '20 = 73.1
Sept. '20 = 225.8
Sept. '20 = 94.2
Sept. '20 = 191.8
Sept. '20 = 89.4
CPI OPERATING RATE (%)
2020
2021
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
the CE
Plant Cost Index (CEPCI; top) for
available)
is once again higher than the previous
month, continuing a string of substantial
monthly increases since the beginning
of the year. In August, the subindices
for Equipment, Buildings and Constrution
Labor all saw increases, while the
Engineering & Supervision subindex saw
a very small decline. The current CEPCI
value now sits at 23.8% higher than the
corresponding value from August 2020.
Meanwhile, the Current Business Indicators
(middle) show a one-point decrease
in the CPI Output Index for September.
Also, the CPI Operating rate for September
fell slightly, while the producer prices
index for industrial chemicals rose.
28180 CE Economic indicator On Demand Webinar House Ad.indd 1
48
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
5/24/16 4:43 PM
NOVEMBER 2021
http://www.chemengonline.com/pci http://www.chemengonline.com/webcasts http://WWW.CHEMENGONLINE.COM
Chemical Engineering November 2021

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