Economic Indicators 2013 2014 2015 Download the CEPCI two weeks sooner at www.chemengonline.com/pci CHEMICAL ENGINEE
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Economic Indicators 2013
2014
2015
Download the CEPCI two weeks sooner at www.chemengonline.com/pci
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 _________________________________
May '15 Prelim.
Apr. '15 Final
May '14 Final
560.7 675.6 603.5 658.8 843.6 402.7 958.0 513.0 740.1 323.2 542.9 320.6
562.9 678.8 609.7 663.8 845.6 402.0 958.4 511.9 741.7 323.8 545.0 319.0
574.3 697.0 635.1 665.0 876.2 410.8 938.6 515.3 767.4 320.5 543.2 321.0
625
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
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
F
M
A
M
J
J
PREVIOUS
A
S
O
N
YEAR AGO
CPI output index (2000 = 100) ____________________________________________________ CPI value of output, $ billions _____________________________________________________ CPI operating rate, % __________________________________________________________ Producer prices, industrial chemicals (1982 = 100) ____________________________________
Jun.'15 May '15 Jun.'15 Jun.'15
= = = =
93.4 1,915.2 77.9 241.4
May '15 Apr. '15 May '15 May '15
= = = =
93.1 1,911.6 77.7 237.3
Apr.'15 Mar.'15 Apr.'15 Apr.'15
= = = =
93.0 1,902.6 77.7 238.5
Jun.'14 May '14 Jun.'14 Jun.'14
= = = =
91.8 2,190.2 77.1 289.8
Industrial Production in Manufacturing (2002=100)* ____________________________________ Hourly earnings index, chemical & allied products (1992 = 100) ____________________________ Productivity index, chemicals & allied products (1992 = 100) ______________________________
Jun.'15 Jun.'15 Jun.'15
= = =
101.7 157.5 108.1
May '15 May '15 May '15
= = =
101.7 159.1 108.4
Apr.'15 Apr.'15 Apr.'15
= = =
101.6 158.1 108.4
Jun.'14 Jun.'14 Jun.'14
= = =
99.9 157.1 107.5
CPI OUTPUT INDEX (2000 = 100)
CPI OUTPUT VALUE ($ BILLIONS)
CPI OPERATING RATE (%)
100
2300
80
95
2200
78
90
2100
76
85
2000
74
80
1900
72
75
70
1800
J F M A M J
J A S O N D
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. Current business indicators provided by Global Insight, Inc., Lexington, Mass.
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CHEMICAL ENGINEERING
CURRENT TRENDS
T
he preliminary value for the May 2015 CE Plant Cost Index (CEPCI; top; the most recent available) continued the trend of small monthly declines since the beginning of the year. The May CEPCI is 2.4% lower than the corresponding value from a year ago at the same time. This is a larger gap than the 1.8% for the April year-ago value. The Engineering & Supervision subindex rose slightly in May, but the other subindices saw small declines. Meanwhile, the latest Current Business Indicators (middle) numbers were generally slightly higher than the previous month’s values. The CPI output index for June 2015 rose from the previous month and was higher than the corresponding value from 2014. The CPI value of output rose from the previous month, but was lower than a year ago.
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AUGUST 2015
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