CEPCI2020 From Chemical Engineering [PDF]

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Economic Indicators 2018

2019

2020

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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 __________________________________

Apr. ’20 Prelim.

Mar. ’20 Final

Apr. ’19 Final

595.5 723.5 620.7 725.4 944.3 411.3 1086.3 561.3 777.8 331.9 590.7 313.0

598.3 726.2 621.4 724.7 954.7 416.8 1085.2 562.3 778.5 335.7 595.2 313.4

617.3 754.4 670.7 731.3 976.7 419.7 1068.4 556.1 834.0 335.9 598.3 316.9

625

Annual Index: 2012 = 584.6

600

2013 = 567.3 2014 = 576.1

575

2015 = 556.8 550

2016 = 541.7 2017 = 567.5 2018 = 603.1

525

2019 = 607.5

500

J

F

M

A

M

J

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A

S

O

N

Starting in April 2007, several data series for labor and compressors were converted to accommodate series IDs discontinued by the U.S. Bureau of Labor Statistics (BLS). Starting in March 2018, the data series for chemical industry special machinery was replaced because the series was discontinued by BLS (see Chem. Eng., April 2018, p. 76–77.)

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) _____________________________________

May '20 Apr. '20 May '20 May '20

= = = =

90.7 1,593.4 67.4 203.1

Apr. '20 Mar. '20 Apr. '20 Apr. '20

= = = =

88.7 1,809.5 66.1 211.9

Mar. '20 Feb. '20 Mar. '20 Mar. '20

= = = =

99.5 1,987.5 73.9 238.3

May '19 Apr. '19 May '19 May '19

= = = =

101.8 2,043.9 76.1 254.4

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

May '20 May '20 May '20

= = =

87.2 183.7 97.3

Apr. '20 Apr. '20 Apr. '20

= = =

84.0 193.5 99.1

Mar. '20 Mar. '20 Mar. '20

= = =

99.4 186.8 100.5

May '19 May '19 May '19

= = =

104.4 184.9 95.8

CPI OUTPUT INDEX (2000 = 100)† 110 105 100

CPI OUTPUT VALUE ($ Billions)

CPI OPERATING RATE (%)

2300

80

2000

75

1900

70

95 1800

90

65 1700

85

60

1600

80 75

55

1500

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.

Current trends

T

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48

Chemical Engineering

he preliminary value for the CE Plant Cost Index (CEPCI; top) for April 2020 (the most recent available) decreased compared to the previous month’s value, with the values of all four major subindices (Equipment; Construction Labor; Buildings; and Engineering & Supervision) comprising the CEPCI seeing declines. The current CEPCI value is 3.5% lower than the corresponding value from a year ago. Meanwhile, the Current Business Indicators (CBI; middle) showed a small rebound for the CPI output index and the CPI operating rate after declines in April. However, other measures, including the productivity index for chemicals and allied products decreased, as did the CPI value of output index for April.

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