Economic Indicators 2013
2014
2015
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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 _________________________________
Nov. '15 Prelim.
Oct. '15 Final
Nov.'14 Final
543.0 648.9 566.6 652.3 803.4 386.6 956.5 508.4 713.4 324.3 539.3 318.2
547.2 654.9 575.4 655.0 808.6 390.1 956.4 508.2 723.6 325.8 540.4 317.7
578.4 702.5 649.3 662.9 875.4 411.7 942.9 516.2 769.9 322.4 546.9 320.1
Annual Index: 2007 = 525.4
600
2008 = 575.4 2009 = 521.9
575
2010 = 550.8 2011 = 585.7
550
2012 = 584.6 2013 = 567.3
525
2014 = 576.1 500
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
CPI output index (2012 = 100) ____________________________________________________ CPI value of output, $ billions _____________________________________________________ CPI operating rate, % __________________________________________________________ Producer prices, industrial chemicals (1982 = 100) ____________________________________
Dec. '15 Nov. '15 Dec. '15 Dec. '15
= = = =
105.4 1,803.7 75.8 233.4
Nov. '15 Oct. '15 Nov. '15 Nov. '15
= = = =
106.0 1,813.3 76.3 234.6
Industrial Production in Manufacturing (2012=100)* ____________________________________ Hourly earnings index, chemical & allied products (1992 = 100) ____________________________ Productivity index, chemicals & allied products (1992 = 100) ______________________________
Dec. '15 Dec. '15 Dec. '15
= = =
106.0 159.4 107.5
Nov. '15 Nov. '15 Nov. '15
= = =
106.1 160.4 107.0
CPI OUTPUT INDEX (2000 = 100)† 110
CPI OUTPUT VALUE ($ BILLIONS)
YEAR AGO
Oct. '15 Sept. '15 Oct. '15 Oct. '15
= = = =
105.9 1,818.9 76.4 237.3
Dec. '14 Nov. '14 Dec. '14 Dec. '14
= = = =
105.3 2,069.4 76.6 263.4
Oct. '15 Oct. '15 Oct. '15
= = =
106.2 159.3 105.8
Dec. '14 Dec. '14 Dec. '14
= = =
105.2 157.3 106.1
CPI OPERATING RATE (%)
2300
80
2200
78
2100
76
2000
74
1900
72
105 100 95 90 85 80 75
70
1800
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.
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CHEMICAL ENGINEERING
CURRENT TRENDS
T
he preliminary value for the November 2015 CE Plant Cost Index (CEPCI; top; the most recent available) declined again from the previous month, driven by a relatively large decrease in the Equipment subindex and small decreases in the Buildings and Construction Labor subindices. The Engineering and Supervision subindex saw a small increase in November. The preliminary CEPCI value for November 2015 is 6.1% lower than the corresponding value from a year ago at the same time. Meanwhile, the latest Current Business Indicators (CBI; middle) numbers showed a decline in the CPI output index, as well as in the CPI value of output index and in producer prices for industrial chemicals. The productivity index was up slightly.
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FEBRUARY 2016
