Chemical Engineering September 2014 - 80

Economic Indicators
2012
2013
2014
CHemiCAl engineering PlAnt Cost indeX (CePCi)
(1957-59 = 100)
June '14
Prelim.
CE Index
Equipment
Heat exchangers & tanks
Process machinery
Pipes, valves & fittings
Process instruments
Pumps & compressors
Electrical equipment
Structural supports & misc
Construction labor
Buildings
Engineering & supervision
576.2
700.1
638.1
673.8
880.3
411.0
938.2
515.3
770.0
319.7
543.4
321.1
May '14
Final
574.3
697.0
635.1
665.0
876.2
410.8
938.6
515.3
767.4
320.5
543.2
321.0
June '13
Final
564.8
684.1
626.7
654.4
859.3
410.1
919.2
512.7
730.9
317.3
530.7
323.9
DOwNLOAD THE cepci TwO wEEKS SOONER AT www.chemengonline.com/pci
625
Annual
Index:
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 585.7
2012 = 584.6
2013 = 567.3
600
575
550
525
500
J F M A M J J A S O N D
Current Business indiCAtors*
CPI output index (2007 = 100)
LATEST
Jul. '14 =
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
75
80
85
90
95
J F M A M J J A S O N D
1800
1900
2000
2100
2200
2300
J F M A M J J A S O N D
*Current Business Indicators provided by IHS Global Insight, Inc., Lexington, Mass.
Jul. '14 =
Jul. '14 =
Jul. '14 =
Jul. '14 =
Jul. '14 =
91.9
293.2
100.7
157.4
108.5
Jun. '14 =
Jun. '14 =
PREVIOUS
91.4 May '14 =
Jun. '14 = 2,167.0 May '14 = 2,150.6
77.3
Jun. '14 =
76.9 May '14 =
Jun. '14 = 288.9 May '14 =
99.8 May '14 =
Jun. '14 = 156.8 May '14 =
Jun. '14 = 107.6 May '14 =
CPi outPut VAlue ($ Billions)
70
72
74
76
78
80
J F M A M J J A S O N D
90.6
Apr. '14 = 2,156.4
76.4
288.4
99.5
155.2
107.4
YEAR AGO
Jul. '13 =
Jul. '13 =
Jul. '13 =
Jul. '13 =
Jul. '13 =
CPi oPerAting rAte (%)
88.9
Jun. '13 = 2,109.4
Jul. '13 =
75.7
299.8
96.0
156.8
106.0
HigHligHts From reCent ACC eConomiC dAtA
Current trends
T
he July Chemical Activity Barometer (CAB), a leading economic indicator created by the
American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com)
posted a 0.4% increase over June, as measured on a three-month moving average (3MMA)
basis. Look for updated CAB information on our website (www.chemengonline.com). The
pace of growth was consistent with earlier growth logged in the second quarter. Year-overyear
growth now stands at a 4.4% increase. Uncertainty in global energy markets kept the
non-adjusted barometer at a slow 0.1% gain in June, but provisional data suggest there is
room for further expansion in coming months, the ACC said.
In one of its recent Weekly Chemistry and Economic Reports, ACC noted that exports of
chemicals from the U.S. rose 3.2% in June to $16.7 billion, while imports were down 2.4%
to $16.4 billion. Excluding pharmaceuticals, chemical exports were up 0.8% to $12.0 billion,
and imports were down 3.8% to $8.5 billion. " The trade balance moved from deficit to
surplus in June, " the report said, adding, " Excluding pharmaceuticals, the [U.S.] chemical
industry continues to post a large trade surplus. "
In another recent report, ACC said the Global Chemical Production Regional Index
(Global CPRI) was flat for the second month in a row in June, on a 3MMA basis. This indicates
that growth stalled in the second quarter of 2014, with activity only slightly higher
than the first quarter, the report said.
Meanwhile, the U.S. CPRI rose 0.3% in June, with chemical output higher in all geographic
regions, the ACC said. The June gain follows a 0.5% rise in May. ❑
80 ChemiCal engineering www.Chemengonline.Com September 2014
he preliminary value for the June
CE Plant Cost Index (CEPCI; top;
the most recent available) rose 0.3%
from the final May value, after gains
the previous two months. Subcategories
of the equipment index
generally saw small increases, or
were relatively flat. The most significant
increase came in the Process
Machinery subindex. The Construction
Labor index declined slightly in
the June preliminary numbers, while
the Buildings and Engineering &
Supervision subindexes rose slightly.
The overall June PCI value stands
at 2.0% higher than its value from
June 2013. Meanwhile, updated
values for the Current Business Indicators
(CBI) from IHS Global Insight
(middle) saw small increases in all
CBI categories. ❏
T
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Chemical Engineering September 2014

Table of Contents for the Digital Edition of Chemical Engineering September 2014
