Chemical Engineering September 2022 - 52

Economic Indicators
2020
950
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
June '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 _________________________________
833.1
1,059.1
897.9
1,074.7
1,496.7
571.5
1,285.8
768.0
1,190.3
356.3
840.9
312.8
May '22
Final
831.1
1,056.4
898.9
1,075.3
1,494.7
575.0
1,273.3
756.6
1,177.7
354.3
847.4
311.5
900
June '21
Final
701.4
868.9
745.0
876.6
1,195.9
521.9
1,125.8
609.8
940.0
341.9
763.8
310.6
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
Jun. '22 = 101.4
May '22 = 2,183.0
Jun. '22 = 82.2
Jun. '22 = 372.4
Jun. '22 = 101.6
Jun. '22 = 198.6
Jun. '22 = 93.0
Annual Index:
2014 = 576.1
2015 = 556.8
2016 = 541.7
2017 = 567.5
2018 = 603.1
2019 = 607.5
2020 = 596.2
2021 = 708.0
850
800
750
700
650
600
550
500
J F M A M J J A S O N D
PREVIOUS
May '22 = 102.1
Apr. '22 = 2,105.2
May '22 = 82.7
May '22 = 368.8
May '22 = 102.2
May '22 = 198.9
May '22 = 93.1
CPI OUTPUT VALUE ($ BILLIONS)
60
65
70
75
80
85
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
CHEMICAL
ENGINEERING
ESSENTIALS FOR THE CPI PROFESSIONAL
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52
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he preliminary value for the CE Plant
Cost Index (CEPCI; top) for June
2022 (most recent available) edged
higher than the previous month's value,
continuing the upward trend of the last
18 months, although at a slower pace.
In June, small upticks were observed in
the Equipment, Construction Labor and
Engineering & Supervision subindices,
while the Buildings subindex fell. The
current CEPCI value now sits at 18.8%
higher than the corresponding value
from June 2021. Meanwhile, the Current
Business Indicators (middle) show
decreases in the CPI output index and
the CPI operating rate for June 2022,
and a small increase in the CPI value of
output for May 2022.
5/24/16 4:43 PM
SEPTEMBER 2022
T
Apr. '22 = 101.6
Mar. '22 = 2,088.1
Apr. '22 = 82.4
Apr. '22 = 358.8
Apr. '22 = 102.7
Apr. '22 = 196.7
Apr. '22 = 94.8
YEAR AGO
Jun. '21 = 99.1
May '21 = 1,747.7
Jun. '21 = 80.2
Jun. '21 = 317.0
Jun. '21 = 98.1
Jun. '21 = 195.0
Jun. '21 = 96.0
CPI OPERATING RATE (%)
2021
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2022
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Chemical Engineering September 2022

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