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Economic Indicators

2014

2015

2016

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CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(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. '16
Prelim.

Feb. '16
Final

Mar.'15
Final

533.9
635.5
538.7
644.0
800.3
383.2
969.7
508.3
697.4
323.9
538.5
316.8

533.9
637.0
546.2
648.6
791.2
378.9
972.2
506.7
700.0
319.5
536.9
315.8

568.6
688.1
624.5
672.2
858.5
404.0
953.5
513.5
745.9
321.8
545.3
319.0

625

Annual Index:
2008 = 575.4

600

2009 = 521.9
2010 = 550.8

575

2011 = 585.7
2012 = 584.6

550

2013 = 567.3
2014 = 576.1

525

2015 = 556.8
500

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

J

F

M

A

M

J

J

A

PREVIOUS

S

O

N

YEAR AGO

CPI output index (2012 = 100) ____________________________________________________
CPI value of output, $ billions _____________________________________________________
CPI operating rate, % __________________________________________________________
Producer prices, industrial chemicals (1982 = 100) ____________________________________

Apr.'16
Mar.'16
Apr.'16
Apr.'16

=
=
=
=

102.0
1,742.1
75.0
221.6

Mar.'16
Feb.'16
Mar.'16
Mar.'16

=
=
=
=

102.2
1,704.3
75.2
219.2

Feb.'16
Jan.'16
Feb.'16
Feb.'16

=
=
=
=

101.9
1,713.4
74.9
221.7

Apr.'15
Mar. '15
Apr.'15
Apr.'15

=
=
=
=

101.3
1,902.6
75.0
245.5

Industrial Production in Manufacturing (2012=100)* ____________________________________
Hourly earnings index, chemical & allied products (1992 = 100) ____________________________
Productivity index, chemicals & allied products (1992 = 100) ______________________________

Apr.'16
Apr.'16
Apr.'16

=
=
=

103.4
161.9
102.5

Mar.'16
Mar.'16
Mar.'16

=
=
=

103.1
160.1
102.6

Feb.'16
Feb.'16
Feb.'16

=
=
=

103.4
158.6
101.9

Apr.'15
Apr.'15
Apr.'15

=
=
=

102.9
158.1
102.5

110

CPI OUTPUT INDEX (2000 = 100)†

105

2300

CPI OUTPUT VALUE ($ BILLIONS)

2200

100

80

D

CPI OPERATING RATE (%)

78

2100

76

95
2000

90

74

1900

85

72

1800

80
75

J F M A M J

J A S O N D

1700

70

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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76

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CHEMICAL ENGINEERING

T

he March 2016 preliminary value for
the CE Plant Cost Index (CEPCI; top;
the most recent available) stayed even
with the value from the previous month,
with the Construction Labor, Buildings
and Engineering & Supervision subindices all rising, while the Equipment subindex dipped slightly. The preliminary
March 2016 CEPCI value is 6.1% lower
than the corresponding value from March
last year. This is again a smaller yearover-year difference than in the preceding several months. Meanwhile, the latest
Current Business Indicators (CBI; middle)
for April 2016 showed small decreases in
the CPI output index and the CPI operating rate compared to the previous month.
Producer prices edged higher in April,
after a series of recent decreases.

WWW.CHEMENGONLINE.COM

JUNE 2016