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Economic Indicators 2015

2016

2017

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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 _________________________________

Jan. '17 Prelim.

Dec. '16 Final

Jan. '16 Final

553.0 664.1 578.3 668.6 835.2 398.5 971.3 512.6 722.4 324.0 550.0 313.9

550.9 661.0 573.7 667.9 833.9 396.9 973.5 512.1 713.9 324.4 547.0 313.6

536.4 640.5 551.7 649.3 795.0 378.9 979.1 509.0 701.9 319.6 537.7 316.6

Annual Index: 2009 = 521.9

600

2010 = 550.8 2011 = 585.7

575

2012 = 584.6 2013 = 567.3

550

2014 = 576.1 2015 = 556.8

525

2016 = 541.7 500

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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

YEAR AGO

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

Feb. '17 Jan. '17 Feb. '17 Feb. '17

= = = =

102.5 1,872.2 75.1 244.3

Jan. '17 Dec. '16 Jan. '17 Jan. '17

= = = =

101.9 1,861.8 74.8 241.9

Dec. '16 Nov. '16 Dec. '16 Dec. '16

= = = =

101.3 1,785.0 74.4 239.2

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

= = = =

101.9 1,672.5 74.9 219.2

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

Feb. '17 Feb. '17 Feb. '17

= = =

104.5 170.1 103.0

Jan. '17 Jan. '17 Jan. '17

= = =

104.0 169.0 103.4

Dec. '16 Dec. '16 Dec. '16

= = =

103.5 170.3 103.1

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

= = =

103.3 158.6 103.1

CPI OUTPUT INDEX (2000 = 100)† 110 105

CPI OUTPUT VALUE ($ BILLIONS)

CPI OPERATING RATE (%)

2300

80

2200

78

100 2100 76

95 2000 90

74 1900

85

72

1800

80 75

70

1700

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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

CHEMICAL ENGINEERING

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CHEMICAL ENGINEERING

T

he preliminary value for the January CE Plant Cost Index (CEPCI; top; the most recent available) represents a gain from the last reading of 2016. With that, the annual CEPCI number for 2016 was calculated to be 541.7, using the average of the monthly values from the year. The annual value is lower than the corresponding value from 2015, and continues a downward trend in annual numbers since the most recent peak in 2011. However, the preliminary monthly CEPCI number for January 2017 stands at 3.1% higher than the corresponding value from January 2016. Meanwhile, the latest Current Business Indicators (CBI; middle) for February 2017 saw an increase in the CPI Output Index and a small decrease in the Productivity Index.

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APRIL 2017