Chemical Engineering June 2015 - 80

Economic Indicators
2013
2014
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)
Mar. '15
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 _________________________________
568.7
688.1
624.6
672.2
858.5
404.1
953.5
513.5
745.9
321.7
545.3
319.5
Feb. '15
Final
570.5
691.8
631.4
674.0
863.2
403.9
950.9
513.8
748.0
318.4
545.3
319.6
625
Mar. '14
Final
571.5
692.9
627.9
662.9
876.1
410.4
932.9
514.6
760.5
319.6
542.3
322.5
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
Annual Index:
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 585.7
2012 = 584.6
2013 = 567.3
2014 = 576.1
600
575
550
525
500
J F M A M J J A S O N D
2015
CURRENT BUSINESS INDICATORS
CPI output index (2000 = 100) ____________________________________________________
CPI value of output, $ billions _____________________________________________________
CPI operating rate, % __________________________________________________________
Producer prices, industrial chemicals (1982 = 100) ____________________________________
Industrial Production in Manufacturing (2002=100)* ____________________________________
Hourly earnings index, chemical & allied products (1992 = 100) ____________________________
Productivity index, chemicals & allied products (1992 = 100) ______________________________
LATEST
PREVIOUS
Apr.'15 = 92.7
Mar.'15 = 1,904.0
Apr.'15 = 77.4
Apr.'15 = 238.5
Apr.'15 = 101.5
Apr.'15 = 158.5
Apr.'15 = 108.3
Mar.'15 = 92.5
Feb.'15 = 1,911.4
Mar.'15 = 77.3
Mar.'15 = 245.4
Mar.'15 = 101.5
Mar.'15 = 157.9
Mar.'15 = 107.9
Feb.'15 = 92.7
Jan.'15 = 1,864.0
Feb.'15 = 77.5
Feb.'15 = 241.8
Feb.'15 = 101.1
Feb.'15 = 157.3
Feb.'15 = 108.1
YEAR AGO
Apr.'14 = 90.6
Mar.'14 = 2,179.5
Apr.'14 = 76.4
Apr.'14 = 294.8
Apr.'14 = 99.1
Apr.'14 = 157.1
Apr.'14 = 108.0
CPI OUTPUT INDEX (2000 = 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
CPI OUTPUT VALUE ($ BILLIONS)
70
72
74
76
78
80
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.
Current business indicators provided by Global Insight, Inc., Lexington, Mass.
CPI OPERATING RATE (%)
CURRENT TRENDS
T
he preliminary value for the March 2015 CE Plant Cost Index (CEPCI; top; the most recent available) once again declined from the previous
month's value, and remains 0.5% lower than the corresponding value from a year ago at the same time. The preliminary value for the Equipment
subindex in March was down from the previous month, while the Construction Labor subindex was higher. The Buildings and Engineering
& Supervision subindexes were relatively constant from the previous month.
Meanwhile, the latest Current Business Indicators (middle) numbers showed a slight increase in CPI output index for April 2015, but also a
small decrease in CPI value of output for March. Compared to the values from last year at this time, the current CPI output index is higher,
but the CPI value of output is lower.
Correction: The graphs associated with the CE PCI have been adjusted in this edition of Chemical Engineering to address a mistake in the
graphs for the April and May issues of the magazine. The editors would like to thank Stephen Vullo, an astute reader from Japan External Trade
Organization, who pointed out the error. The 2015 PCI values were reported correctly in the April and May issues of the magazine, but the bars
on the PCI graph that represent the monthly PCI index values from the two previous years were printed incorrectly. They were offset by one year,
with the noted year being one year behind the actual number to which it corresponds. The bars for 2015 were correct, and the actual numbers
in the table were correct and were not affected. The bar graphs have now been corrected.
80
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Chemical Engineering June 2015

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