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Economic Indicators
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM APRIL 201696
The Economic Indicators department includes current industry trends and the Plant Cost Index. As one of the most valued sections in the magazine, your ad is guaranteed to reach decision makers each month. Contact your sales representative to secure this spot.
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JASON BULLOCK
[email protected] DAVIS
DAN GENTILE
[email protected] TRAUTES
CURRENT BUSINESS INDICATORS LATEST PREVIOUS YEAR AGO
CPI output index (2012 = 100) ____________________________________________________ Feb.'16 = 106.5 Jan.'16 = 106.3 Dec. '15 = 105.9 Feb.'15 = 104.8
CPI value of output, $ billions _____________________________________________________ Jan.'16 = 1,725.6 Dec. '15 = 1,773.5 Nov. '15 = 1,796.2 Jan. '15 = 1,864.0
CPI operating rate, % __________________________________________________________ Feb.'16 = 76.5 Jan.'16 = 76.4 Dec. '15 = 76.1 Feb.'15 = 76.0
Producer prices, industrial chemicals (1982 = 100) ____________________________________ Feb.'16 = 221.7 Jan.'16 = 225.0 Dec. '15 = 233.4 Feb.'15 = 242.4
Industrial Production in Manufacturing (2012=100)* ____________________________________ Feb.'16 = 106.4 Jan.'16 = 106.2 Dec. '15 = 105.6 Feb.'15 = 104.5
Hourly earnings index, chemical & allied products (1992 = 100) ____________________________ Feb.'16 = 157.9 Jan.'16 = 159.9 Dec. '15 = 159.5 Feb.'15 = 157.3
Productivity index, chemicals & allied products (1992 = 100) ______________________________ Feb.'16 = 109.0 Jan.'16 = 108.7 Dec. '15 = 108.6 Feb.'15 = 107.2
CURRENT TRENDS
The annual value for the CE Plant Cost
Index (CEPCI) was calculated to be
556.8, down significantly from the an-
nual value for 2014. The monthly pre-
liminary value for the January 2016 CE
Plant Cost Index (top; the most recent
available) continued to fall from prior
months. While the overall CEPCI value
fell from last month, some of the individ-
ual subindices rose in January, including
pipes, valves and fittings; pumps and
compressors; electrical equipment; and
buildings. The preliminary CEPCI value
for January 2016 is 10.0% lower than
the corresponding value from a year ago
at the same time. Meanwhile, the latest
Current Business Indicators (CBI; mid-
dle) for February 2016 showed a slight
increase in the CPI output index.
CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100) Jan. '16Prelim.
Dec. '15Final
Jan.'15Final
CE Index ______________________________________________ 536.5 537.0 573.1Equipment ____________________________________________ 640.5 641.1 694.8
Heat exchangers & tanks _________________________________ 551.7 556.0 636.4
Process machinery _____________________________________ 648.5 649.2 663.5
Pipe, valves & fittings ____________________________________ 795.0 791.3 868.9
Process instruments ____________________________________ 379.0 381.2 407.2
Pumps & compressors ___________________________________ 979.1 965.0 948.7
Electrical equipment ____________________________________ 509.0 507.7 513.9
Structural supports & misc ________________________________ 701.9 703.0 758.0
Construction labor _______________________________________ 320.2 321.6 321.5
Buildings _____________________________________________ 537.8 536.6 546.9
Engineering & supervision _________________________________ 317.7 316.2 320.1
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:
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 585.7
2012 = 584.6
2013 = 567.3
2014 = 576.1
2015 = 556.8
*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 2012Current business indicators provided by Global Insight, Inc., Lexington, Mass.
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
2014 2015 2016
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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
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J F M A M J J A S O N D
CPI OUTPUT INDEX (2000 = 100)† CPI OUTPUT VALUE ($ BILLIONS) CPI OPERATING RATE (%)
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