CEPCI

Economic Indicators

2011

2012

2013

DOWNLOAD DOWNLO AD THE T HE CEPCI  TWO WEEKS SOONER AT AT WWW.CHE.COM/PCI 

CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)

650

 Annual Index:

May. ’13 Prelim.

Apr. ’13 Final

May. ’12 Final

CE  Index  Index

566.4

569.4

593.8

2005 = 468.2

Equipment Heat exchangers & tanks Process machiner y Pipe, valves & fittings Process instruments Pumps & compressors Electrical equipment Structural supports & misc Construction labor Buildings Engineering & supervision

685.4 624.3 655.0 863.4 410.8 919.3 513.1 741.7 319.1 534.0 326.0

689.5 626.2 656.5 875.6 413.2 924.5 512.6 746.8 319.8 536.5 327.6

726.2 683.6 680.1 926.7 428.9 928.1 515.2 763.8 322.9 527.7 328.3

2006 = 499.6

(1957–59 = 100)

600

550

2007 = 525.4 2008 = 575.4 500

2009 = 521.9 2010 = 550.8 2011 = 585.7

450

2012 = 584.6 400

J

LATEST

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)

Jun. '13 May. '13 Jun. '13 Jun. '13 Jun. '13 Jun. '13 Jun. '13

= 87.9 = 2,122.3 = 74.5 = 304.0 = 95.7 = 156.2 = 104.0

May. '13 Apr. '13 May. '13 May. '13 May. '13 May. '13 May. '13

= 88.1 = 2,098.1 = 74.7 = 301.7 = 95.5 = 156.6 = 104.7

CPI OUTPUT VALUE ($ BILLIONS) 85

110

2200

80

100

1900

75

90

1600

70

80

1300

65

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YEAR AGO

Apr.'13 Mar.'13 Apr.'13 Apr.'13 Apr.'13 Apr.'13 Apr.'13

= 87.7 = 2,126.0 = 74.3 = 308.7 = 95.2 = 155.3 = 104.4

Jun'12 May'12 Jun'12 Jun'12 Jun'12 Jun'12 Jun'12

= 86.5 = 2,127.1 = 74.0 = 299.4 = 94.0 = 156.3 = 105.9

60

1000

F M A M

A

CPI OPERATING RATE (%)

2500

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PREVIOUS

120

70

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F M A M

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Current Business Indicators provided by IHS Global Insight, Inc., Lexington, Mass.

Equipment Cost Index Available Exclusively from Marshall & Swift

Quarterly updates of our industry-leading Equipment Cost Index are now available at www.equipment-cost-index.com. 56

CHEMICAL ENGINEERING

WWW.CHE.COM WWW .CHE.COM AUGUST 201 2013 3

CURRENT TRENDS reliminary data for the May CE   Plant Cost Index (CEPCI; top; the most recent available) indicate that the composite index decreased by 0.5% from the the final April value. The data for each of the subindices decreased in the May preliminary numbers, except for the index value for electrical equipment, which rose. The May 2013 preliminary PCI index  value stands at 4.6% lower l ower than the corresponding final PCI value from May 2012. Meanwhile, the latest Current Business Indicators from IHS Global Insight (middle) moved in both directions, with the CPI output index edging slightly downward, while the CPI  value of output increased slightly sli ghtly ■ in the latest numbers.

P2013