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Economic Indicators

2011

2012

2013

DOWNLOAD THE CEPCI TWO WEEKS SOONER AT WWW.CHE.COM/PCI CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI) (1957–59 = 100)

CE Index

May. ’13 Prelim. 566.4

Apr. ’13 Final 569.4

May. ’12 Final 593.8

685.4 624.3 655.0 863.4 410.8 919.3 513.1 741.7 319.1 534.0 326.0

689.5 626.2 656.5 875.6 413.2 924.5 512.6 746.8 319.8 536.5 327.6

726.2 683.6 680.1 926.7 428.9 928.1 515.2 763.8 322.9 527.7 328.3

Equipment Heat exchangers & tanks Process machinery Pipe, valves & fittings Process instruments Pumps & compressors Electrical equipment Structural supports & misc Construction labor Buildings Engineering & supervision

CURRENT BUSINESS INDICATORS

650

Annual Index:

600

2005 = 468.2 2006 = 499.6 550

2007 = 525.4 2008 = 575.4 500

2009 = 521.9 2010 = 550.8 2011 = 585.7

450

2012 = 584.6 400

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YEAR AGO

CPI output index (2007 = 100) CPI value of output, $ billions CPI operating rate, %

Jun. '13 May. '13 Jun. '13

= = =

87.9 2,122.3 74.5

May. '13 Apr. '13 May. '13

= = =

88.1 2,098.1 74.7

Apr.'13 Mar.'13 Apr.'13

= = =

87.7 2,126.0 74.3

Jun'12 May'12 Jun'12

= = =

86.5 2,127.1 74.0

Producer prices, industrial chemicals (1982 = 100) Industrial Production in Manufacturing (2007 = 100) Hourly earnings index, chemical & allied products (1992 = 100) Productivity index, chemicals & allied products (1992 = 100)

Jun. '13 Jun. '13 Jun. '13 Jun. '13

= = = =

304.0 95.7 156.2 104.0

May. '13 May. '13 May. '13 May. '13

= = = =

301.7 95.5 156.6 104.7

Apr.'13 Apr.'13 Apr.'13 Apr.'13

= = = =

308.7 95.2 155.3 104.4

Jun'12 Jun'12 Jun'12 Jun'12

= = = =

299.4 94.0 156.3 105.9

CPI OUTPUT INDEX (2007 = 100)

CPI OUTPUT VALUE ($ BILLIONS)

CPI OPERATING RATE (%)

120

2500

85

110

2200

80

100

1900

75

90

1600

70

80

1300

65

70

60

1000

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Current Business Indicators provided by IHS Global Insight, Inc., Lexington, Mass.

Equipment Cost Index Available Exclusively from Marshall & Swift

Quarterly updates of our industry-leading Equipment Cost Index are now available at www.equipment-cost-index.com. 56

CHEMICAL ENGINEERING WWW.CHE.COM AUGUST 2013

CURRENT TRENDS reliminary data for the May 2013 CE Plant Cost Index (CEPCI; top; the most recent available) indicate that the composite index decreased by 0.5% from the the final April value. The data for each of the subindices decreased in the May preliminary numbers, except for the index value for electrical equipment, which rose. The May 2013 preliminary PCI index value stands at 4.6% lower than the corresponding final PCI value from May 2012. Meanwhile, the latest Current Business Indicators from IHS Global Insight (middle) moved in both directions, with the CPI output index edging slightly downward, while the CPI value of output increased slightly in the latest numbers. ■

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