Economic Indicators
2009
2010
2011
DOWNLOAD THE CEPCI TWO WEEKS SOONER AT WWW.CHE.COM/PCI CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI) (1957-59 = 100)
May. '11 Prelim. 581.7 707.3 673.0 663.7 861.8 440.1 904.4 503.0 755.7 325.0 518.2 332.9
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. '11 Final 582.3 708.0 671.4 665.3 867.9 443.7 904.7 502.6 752.8 325.8 517.1 333.6
650
May. '10 Final 558.2 670.2 629.9 631.8 828.3 424.8 903.1 473.2 697.5 327.8 513.9 339.7
CURRENT BUSINESS INDICATORS
Annual Index:
600
2003 = 402.0 2004 = 444.2
550
2005 = 468.2 2006 = 499.6
500
2007 = 525.4 2008 = 575.4
450
2009 = 521.9 2010 = 550.8
400
J
LATEST
F
M
A
M
J
J
PREVIOUS
A
S
O
N
D
YEAR AGO
CPI output index (2007 = 100)
Jun. '11
=
87.4
May. '11
=
87.2
Apr. '11
=
87.4
Jun. '10
=
85.1
CPI value of output, $ billions
May. '11
=
2,072.3
Apr. '11
=
2,072.8
Mar. '11
=
2,072.8
May. '10
=
1,711.0
CPI operating rate, %
Jun. '11
=
75.4
May. '11
=
75.1
Apr. '11
=
75.3
Jun. '10
=
72.8
Producer prices, industrial chemicals (1982 = 100)
Jun. '11
=
342.6
May. '11
=
336.0
Apr. '11
=
322.7
Jun. '10
=
264.1
Industrial Production in Manufacturing (2007=100)
Jun. '11
=
89.8
May. '11
=
89.7
Apr. '11
=
89.7
Jun. '10
=
86.6
Hourly earnings index, chemical & allied products (1992 = 100)
Jun. '11
=
157.4
May. '11
=
157.0
Apr. '11
=
155.4
Jun. '10
=
153.6
Productivity index, chemicals & allied products (1992 = 100)
Jun. '11
=
112.1
May. '11
=
110.9
Apr. '11
=
111.1
Jun. '10
=
112.2
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
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 Global Insight, Inc., Lexington, Mass.
MARSHALL & SWIFT EQUIPMENT COST INDEX (1926 = 100)
M & S INDEX
Process industries, average Cement Chemicals Clay products Glass Paint Paper Petroleum products Rubber Related industries Electrical power Mining, milling Refrigeration Steam power
2003 = 1,123.6 2007 = 1,373.3
2nd Q 2011 1,512.5
1st Q 2011 1,490.2
4th Q 2010 1,476.7
3rd Q 2010 1,473.3
2nd Q 2010 1,461.3
1,569.0 1,568.0 1,537.4 1,557.5 1,469.2 1,584.1 1,480.7 1,672.0 1,617.4
1,549.8 1,546.6 1,519.8 1,534.9 1,447.2 1,560.7 1,459.4 1,652.5 1,596.2
1,537.0 1,532.5 1,507.3 1,521.4 1,432.7 1,545.8 1,447.6 1,640.4 1,581.5
1,534.4 1,530.0 1,505.2 1,518.3 1,428.5 1,542.1 1,444.5 1,637.0 1,579.3
1,522.1 1,519.2 1,493.5 1,505.6 1,416.4 1,527.6 1,430.1 1,625.9 1,564.2
1,494.9 1,623.5 1,856.4 1,546.5
1,461.2 1,599.7 1,827.8 1,523.0
1,434.9 1,579.4 1,809.3 1,506.4
1,419.2 1,576.7 1,804.8 1,502.3
1,414.0 1,569.1 1,786.9 1,488.0
Annual Index: 2004 = 1,178.5 2005 = 1,244.5 2008 = 1,449.3 2009 = 1,468.6
CURRENT TRENDS
1530
C
1515 1500 1485 1470 1455 1440 1425 1410 1395 1380 1365
2006 = 1,302.3 2010 = 1,457.4
1350 1st
2nd 3rd Quarter
4th
Source: Marshall & Swift‘s Marshall Valuation Service manual. Reprinted and published with permission of Marshall & Swift/Boeckh, LLC and its licensors, copyright 2010. May not be reprinted, copied, automated or used for valuation without permission.
56
CHEMICAL ENGINEERING WWW.CHE.COM AUGUST 2011
apital equipment prices, as reflected in the CE Plant Cost Index (CEPCI), decreased approximately 0.10% on average from April to May, after increasing approximately 1.14% from March to April. Meanwhile, according to the American Chemistry Council’s (Washington, D.C.; www. americanchemistry.com) midyear economic report, total output for the global chemical industry is expected to grow by 4.8% in 2011, 5.3% in 2012, and 4.7% in 2013. Visit www.che.com/pci for more information and other tips on capital cost trends and methodology. ■