Chemical Engineering September 2010 - 72

Economic Indicators
2010
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
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
June '10
Prelim.
556.4
668.1
628.7
632.0
818.5
419.4
898.4
482.2
697.5
326.7
509.4
339.1
May '10
Final
558.2
670.2
629.9
631.8
828.3
424.8
903.1
473.2
697.5
327.8
513.9
339.7
601.5
538.0
584.9
749.0
391.8
898.9
459.8
610.0
325.6
485.7
347.2
2009
DOWNLOAD THE CEPCI TWO WEEKS SOONER AT WWW.CHE.COM/PCI
650
June '09
Final
512.0
Annual Index:
2002 = 395.6
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
Starting with the April 2007 Final numbers, several of the data series for labor and compressors have
been converted to accommodate series IDs that were discontinued by the U.S. Bureau of Labor Statistics
CURRENT BUSINESS INDICATORS
CPI output index (2007 = 100)
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 Global Insight, Inc., Lexington, Mass.
600
550
500
450
400
J F M A M J J A S O N D
2008
LATEST
PREVIOUS
Jul. '10 =
Jul. '10 =
Jul. '10 =
Jul. '10 =
Jul. '10 =
88.8 Jun. '10 =
71.7 Jun. '10 =
88.1 May. '10 =
Jun. '10 = 1,753.1 May. '10 = 1,780.7
Jul. '10 =
71.2 May. '10 =
258.7 Jun. '10 = 267.7 May. '10 =
90.6 Jun. '10 =
89.6 May. '10 =
152.6 Jun. '10 = 153.3 May. '10 =
120.3 Jun. '10 = 120.6 May. '10 =
CPI OUTPUT VALUE ($ BILLIONS)
60
65
70
75
80
85
J F M A M J J A S O N D
Apr. '10 = 1,854.6
YEAR AGO
88.5 Jul. '09 =
71.4 Jul. '09 =
272.8 Jul. '09 =
90.0 Jul. '09 =
152.8 Jul. '09 =
119.2 Jul. '09 =
83.9
Jun. '09 = 1,597.2
66.6
236.1
84.1
148.8
118.5
CPI OPERATING RATE (%)
MARSHALL & SWIFT EQUIPMENT COST INDEX
(1926 = 100)
2nd Q
2010
M & S INDEX
Process industries, average
Cement
Chemicals
Clay products
Glass
Paint
Paper
Petroleum products
Rubber
Related industries
Electrical power
Mining, milling
Refrigeration
Steam power
1,461.3
1,522.1
1,519.2
1,493.5
1,505.6
1,416.4
1,527.6
1,430.1
1,625.9
1,564.2
1,414.0
1,569.1
1,786.9
1,488.0
1st Q
2010
1,448.3
1,510.3
1,508.1
1,481.8
1,496.0
1,403.0
1,515.1
1,416.4
1,615.6
1,551.0
1,389.6
1,552.1
1,772.2
1,475.0
Annual Index:
2002 = 1,104.2 2004 = 1,178.5 2006 = 1,302.3 2008 = 1,449.3
2003 = 1,123.6 2005 = 1,244.5 2007 = 1,373.3 2009 = 1,468.6
4th Q
2009
1,446.5
1,511.9
1,508.2
1,483.1
1,494.3
1,400.1
1,514.1
1,415.8
1,617.6
1,560.5
1,377.3
1,548.1
1,769.5
1,470.8
3rd Q
2009
1,446.4
1,515.1
1,509.7
1,485.8
1,495.8
1,400.4
1,515.1
1,416.3
1,625.2
1,560.7
1,370.8
1,547.6
1,767.3
1,471.4
CURRENT TRENDS
2nd Q
2009
1,462.9
1,534.2
1,532.5
1,504.8
1,512.9
1,420.1
1,535.9
1,435.6
1,643.5
1,581.1
1,394.7
1,562.9
1,789.0
1,490.8
1320
1335
1350
1365
1380
1395
1410
1425
1440
1455
1470
1485
1500
1st 2nd 3rd
Quarter
4th
Marshall & Swift's Marshall Valuation Service© manual. 2010 Equipment Cost Index Numbers reprinted and
published with the permission of Marshall & Swift/Boeckh, LLC and its licensors, copyright 2010. May not be
reprinted, copied, automated or used for valuation without Marshall & Swift/Boeckh's prior permission.
64 CHEMICAL ENGINEERING WWW.CHE.COM SEPTEMBER 2010
C
apital equipment prices (as
reflected in the CE Plant Cost
Index) declined in June, an unusual
phenomenon given that
equipment prices typically peak
around August of each year.
Meanwhile, Current Business
Indicators from Global Insight,
Inc. show that CPI output dropped
for the fourth consecutive month
in June. Data from the American
Chemistry Council indicate a July
rebound, however, in both production
and capacity utilization.
Finally, note that the bases for
the CPI Output Index and Industrial
Production in Manufacturing
changed from 2002=100 to
2007=100 on June 25.
Visit www.che.com/pci for
more. ■
http://WWW.CHE.COM/PCI http://www.che.com/pci http://WWW.CHE.COM
Chemical Engineering September 2010

Table of Contents for the Digital Edition of Chemical Engineering September 2010
