2011 2012 1 2013 - UMD

Economic Indicators 2011 2012 1 2013

^ ^ ^ ^ ^ ^ H DOWNLOAD THE CEPCI TWO WEEKS SOONER AT IV IV I /V .CHE.COM/PC^MI^^^H

CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)

, Ä«., Nov'13 Oct'13 Nov.'12(1957-59 = 1 OOj .»w. .«. .̂

C£ Index 566,8 567,5 570,6Equipment

Heat exchangers & tanksProoess maohineryPipes, valves & tittinqsProoess instrumentsPumps & oompressorsEiectricqi equipmentStructurqi supports & mise

Construction iaborBuiidinqsEnqineerinq & supervision

686,7620,7653,1873,9411.5924,3514,1746,3318.3533.33239

686,6620,0655,7874,5411,8924,7513,8744.1321.6533,7324,4

691,7634,0656,7890,4420,7895,8511,2726,0321,6525,0327,3

Annual

Index:

2005 = 468.2

2006 = 499.6

2007 - 525.4

2008 = 575.4

2009 = 521.9

2010 = 550.8

2011=585.7

2012 = 584.6

650

600

400 _ _ _ _ _J F M A M J J A S 0 N D

CURRENT BUSINESS INDICATORS*CPI output index (2007 = 100)CPi vqlueot output. S biliipnsCPi operqting rqte, %

LATEST PREVIOUS YEAR AGO

Producer prices, industriql chemicqis (1982 = 100)industriai Production in Manutacturing (2007 = 100)Houriy earnings index, chemicai & oiiied products (1992 = 100)Productivity index, chemicqis & aiiied products (1992 = 100)

. Dec,'13

. NoV13

. Dec,'13

.Dec.'13

. Dec,'13

89,62,148,5

75,5

294,297,8

. Dea'13 = 160,3

. Dec,'13 = 107,6

Nov'13Oot,'13Nov.'13Nov.'13Nov'13

89,02,140,7

75.1

291,597,4

Nov'13 = 156,3Nov,'13 = 107,2

Oct,'13Sep,'13Oct,'13Oct,'13Oct,'13

88,72,152,1

75,0

296,396,8

Oct.'13 = 156,6Oct.'13 = 107,3

Dec,'12Nov'12Deo,'12Dec,'12Dec.'12

88,42,159,8

75.2

297,195.3

Dec.'12 = 153.6Dec.'12 = 106,5

CPI OUTPUT INDEX (2007 = 100) CPI OUTPUT VALUE ($ BILLIONS) CPI OPERATING RATE (%)120 5t;nn ññ

110

100

90

80

70

II. 1 .

2200

1900

1600

1300

1000

80

75

70

65

60 i ' ; , ,

J F M A M J J A S O N D J F M A M J•Current Business indicators provided by iHS Giobai insight. Ino,. Lexington. Moss,

J A S O N D J F M A M J J A S O N D

HIGHLIGHTS FROM RECENT ACC WEEKLY REPORTS

The S&P index for chemical companies rose by 4.2% in December 201 3, outpacing the overall S&P500 index, which rose 2.4%. me numbers were included in the Weekly Chemistry and Economic

Report from the American Chemistry Council (ACC; Washington, D.C; www.omericanchemistry.com)for the week of January 10. Over the entirety of 2013, the S&P chemical index rose by 29.6%, itslargest annual gain since 1997, the ACC report soys. The S&P 500 rose 29.0% in 2013.

In the report for the week of January 3, the ACC indicated that the JP Morgan Global Manufacturingpurchasing managers' index (PMI) rose 0.2 points in December 2013, to a level of 53.3. The gain isthe 12th consecutive monthly rise, and the highest level for the index in 32 months.

"Output growth was again led by the G7 developed nations in December, as robust exponsions inthe U.S., Japan, Germany, the U.K. (which registered the highest Output PMI reading of all countries)and Italy offset the ongoing contraction in France and a sharp growth slowdown in Canada," saysthe ACC report.

In other data discussed in the report, U.S. specialty-chemical market volumes rose 0.8% in Novem-ber 2013. "The 2013 slowdown in manufacturing affected these business segments, but recovery inspecialty chemicols oppears to be broadening," the ACC says.

Of the 28 specialty chemical segments monitored by ACC, 24 expanded in November, while theremaining four experienced decline. Large gains (1.0% or greater) were noted in 13 segments, theACC noted, including the following: adhesives and sealants; antioxidants; biocides; catalysts; coatings;cosmetic additives; electronic chemicals; flavors and fragrances; foundry chemicals; oilfield chemicals;paint additives; rubber processing chemicals; and textile specialties. •

CURRENT TRENDS

Preliminary data for the No-vember 2013 CE Plant Cost

Index (CEPCI; top; the most recentavailable) show a small decrease(0.12%) in the overall index com-pared to the October index value.The decrease reverses the trenddirection for the three previousmonths, which all saw increasesin the PCI. The decrease in theoverall index was mostly due todecreases in the index subcat-egories for Process Machineryand Construction Labor. The cur-rent CEPCI value stands at 0.67%lower than the value from a yearago. Meanwhile, updated valuesfor the Current Business Indicatorsfrom IHS Global Insight (middle)saw the numbers for each cat-egory increase compared to theprevious month's values. •

6 4 CHEMICAL ENGINEERING WWW.CHE.COM FEBRUARY 2014

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