Economic Indicators 2015
2016
2017
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CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI) 625
(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 _________________________________
Mar. '17 Prelim.
Feb. '17 Final
Mar. '16 Final
562.1 676.6 591.0 672.1 863.7 403.4 982.3 514.3 733.3 326.4 555.4 315.7
558.3 672.0 587.3 671.1 852.0 403.0 973.1 512.1 729.7 323.1 552.2 315.0
535.3 638.0 545.2 644.8 800.3 383.0 969.7 508.3 697.4 323.3 538.4 315.7
Annual Index: 2009 = 521.9
600
2010 = 550.8 2011 = 585.7
575
2012 = 584.6 2013 = 567.3
550
2014 = 576.1 2015 = 556.8
525
2016 = 541.7 500
J
F
M
A
M
J
J
A
S
O
N
D
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
LATEST
PREVIOUS
YEAR AGO
CPI output index (2012 = 100) ____________________________________________________ CPI value of output, $ billions _____________________________________________________ CPI operating rate, % __________________________________________________________ Producer prices, industrial chemicals (1982 = 100) ____________________________________
Apr. '17 Mar. '17 Apr. '17 Apr. '17
= = = =
101.5 1,861.0 76.3 256.5
Mar. '17 Feb. '17 Mar. '17 Mar. '17
= = = =
101.2 1,875.6 76.1 251.8
Feb. '17 Jan. '17 Feb. '17 Feb. '17
= = = =
101.3 1,874.8 76.2 244.3
Apr. '16 Mar. '16 Apr. '16 Apr. '16
= = = =
100.3 1,702.4 75.9 224.7
Industrial Production in Manufacturing (2012=100)* ____________________________________ Hourly earnings index, chemical & allied products (1992 = 100) ____________________________ Productivity index, chemicals & allied products (1992 = 100) ______________________________
Apr. '17 Apr. '17 Apr. '17
= = =
103.8 178.1 102.6
Mar. '17 Mar. '17 Mar. '17
= = =
102.8 172.5 103.2
Feb. '17 Feb. '17 Feb. '17
= = =
103.2 170.9 102.3
Apr. '16 Apr. '16 Apr. '16
= = =
102.1 161.4 102.5
CPI OUTPUT INDEX (2000 = 100)† 110 105
CPI OUTPUT VALUE ($ BILLIONS)
CPI OPERATING RATE (%)
2300
80
2200
78
100 2100 76
95 2000 90
74 1900
85
72
1800
80 75
70
1700
J F M A M J
J A S O N D
J F M A M J
J A S O N D
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 2000 to 2012 Current business indicators provided by Global Insight, Inc., Lexington, Mass.
CURRENT TRENDS
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80
CHEMICAL ENGINEERING
he preliminary value for the March CE Plant Cost Index (CEPCI; top; the most recent available) rose compared to the previous month’s value, continuing a string of six straight months of increasing values. All four of the major subindices — Equipment, Construction Labor, Buildings and Engineering & Supervision — increased in March compared to their respective February values. The preliminary overall monthly CEPCI value for March 2017 stands at 5.0% higher than the corresponding value from March 2016. Meanwhile, the latest Current Business Indicators (CBI; middle) saw a small rise in the CPI Output Index for April, while the March value for the CPI Value of Output declined slightly. The April Productivity Index decreased by a small margin.
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JUNE 2017
