Economic Indicators

2010

2011

2012

D OW N LOAD TH E CEPCI TW O W EEK S SOON ER AT W W W . E. M / CH CO PCI CH EM ICAL ENG INEERING P LANT COST INDEX (CEP CI)
650

(1957-59 = 100)

CE In d e x
Eq uipment Heat exchangers & tanks Process machinery Pipe, valves & fittings Process instruments Pumps & compressors Electrical eq uipment Structural supports & misc Construction labor Buildings Engineering & supervision

Oc t.' 2 1 Pre l m . i 575.4 698.2 638.5 658.3 899.4 424.3 929.0 512.2 734.2 324.0 525.6 328.1

Se p t.' 2 1 Fi a l n 577.4 700.7 643.9 662.2 895.7 424.1 929.0 510.6 742.3 324.9 527.3 328.5

Oc t.' 1 1 Fi a l n 594.0 724.7 691.5 674.9 906.3 432.5 911.5 508.8 769.8 330.0 521.2 330.4

An n u a l In d e x : 2004 = 444.2 2005 = 468.2

600

550

2006 = 499.6 2007 = 525.4

500

2008 = 575.4 2009 = 521.9 2010 = 550.8 2011 = 585.7

400 450

CURRENT BUSINESS INDICATORS

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

LATEST
Nov. '12 Oct. '12 Nov. '12 Nov. '12 Nov. '12 Nov. '12 Nov. '12 = = = = = = = 87.7 2,226.7 75.7 297.3 94.0 157.6 105.4 Oct. '12 Sep. '12 Oct. '12 Oct. '12 Oct. '12 Oct. '12 Oct. '12 = = = = = = =

PREVIOUS
87.1 2,203.2 75.2 299.7 92.9 157.6 103.3 Sep. '12 Aug. '12 Sep. '12 Sep. '12 Sep. '12 Sep. '12 Sep. '12 = = = = = = = 87.3 2,175.3 75.3 300.1 93.8 158.6 103.6

YEAR AGO Nov. '11 Oct. '11 Nov. '11 Nov. '11 Nov. '11 Nov. '11 Nov. '11 = = = = = = = 87.731 2,126.63 75.702 315.6 91.5071 155.674 106.597

CP I OUTP UT INDEX
120

(2 0 0 7 = 1 0 0 )
2500

CP I OUTP UT V ALUE ($ BILLIONS)

85

CP I OP ERATING RATE (%

110

2200

80

100

1900

75

90

1600

70

80

1300

65

70

1000

60

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

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

CURRENT TRENDS

reliminary data from the CE Plant Cost Index (CEPCI; top) for October 2012 (the most recent available) indicate that capital equipment prices dropped 0.35% from September to October. The current-year plant cost index is 3.2% lower than it was in October of the previous year (2011). Within the CEPCI, most of the equipment-class subgroups were down from a year prior including: heat exchangers and tanks; process machinery; pipes, valves and fittings; process instruments; and structural supports and miscellanous equipment. Pumps and compressors and electrical equipment show higher values

compared to a year ago. The construction labor and engineering and supervision indexes also dropped compared to a year ago, while the buildings index edged higher compared to the same time in 2011. Meanwhile, the Current Business Indicators from IHS Global Insight (middle), show a slight increase in the CPI output index from October to November 2012, and a 1.1% increase in the CPI value of output over the same time period. Industrial chemical producer prices are down 0.81% from October to November 2012, and down 6.1% compared to November a year ago.

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CHEMICAL ENGINEERING WWW.CHE.COM JANUARY 2013