Economic Indicators 400 450 500 550 600 650 J F M A M J J A S O N D DOWNLOAD THE CEPCI TWO WEEKS SOONER AT WWW.CHE.COM/PCI CURRENT TRENDS P reliminary data for the May 2013 CE Plant Cost Index (CEPCI; top; the most recent available) indicate that the com- posite index decreased by 0.5% from the the final April value. The data for each of the sub- indices decreased in the May preliminary numbers, except for the index value for electrical equipment, which rose. The May 2013 preliminary PCI index value stands at 4.6% lower than the corresponding final PCI value from May 2012. Meanwhile, the latest Current Business Indicators from IHS Global Insight (middle) moved in both directions, with the CPI output index edging slightly downward, while the CPI value of output increased slightly in the latest numbers. ■ 2011 2012 2013 CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI) (1957–59 = 100) May. ’13 Prelim. Apr. ’13 Final May. ’12 Final CE Index 566.4 569.4 593.8 Equipment 685.4 689.5 726.2 Heat exchangers & tanks 624.3 626.2 683.6 Process machinery 655.0 656.5 680.1 Pipe, valves & fittings 863.4 875.6 926.7 Process instruments 410.8 413.2 428.9 Pumps & compressors 919.3 924.5 928.1 Electrical equipment 513.1 512.6 515.2 Structural supports & misc 741.7 746.8 763.8 Construction labor 319.1 319.8 322.9 Buildings 534.0 536.5 527.7 Engineering & supervision 326.0 327.6 328.3 CURRENT BUSINESS INDICATORS LATEST PREVIOUS YEAR AGO CPI output index (2007 = 100) Jun. '13 = 87.9 May. '13 = 88.1 Apr.'13 = 87.7 Jun'12 = 86.5 CPI value of output, $ billions May. '13 = 2,122.3 Apr. '13 = 2,098.1 Mar.'13 = 2,126.0 May'12 = 2,127.1 CPI operating rate, % Jun. '13 = 74.5 May. '13 = 74.7 Apr.'13 = 74.3 Jun'12 = 74.0 Producer prices, industrial chemicals (1982 = 100) Jun. '13 = 304.0 May. '13 = 301.7 Apr.'13 = 308.7 Jun'12 = 299.4 Industrial Production in Manufacturing (2007 = 100) Jun. '13 = 95.7 May. '13 = 95.5 Apr.'13 = 95.2 Jun'12 = 94.0 Hourly earnings index, chemical & allied products (1992 = 100) Jun. '13 = 156.2 May. '13 = 156.6 Apr.'13 = 155.3 Jun'12 = 156.3 Productivity index, chemicals & allied products (1992 = 100) Jun. '13 = 104.0 May. '13 = 104.7 Apr.'13 = 104.4 Jun'12 = 105.9 60 65 70 75 80 85 1000 1300 1600 1900 2200 2500 J FMAM J J A SOND J FMAM J J A SOND J FMAM J J A SOND 70 80 90 100 110 120 CPI OUTPUT INDEX (2007 = 100) CPI OUTPUT VALUE ($ BILLIONS) CPI OPERATING RATE (%) Current Business Indicators provided by IHS Global Insight, Inc., Lexington, Mass. are now available at www.equipment-cost-index.com. Quarterly updates of our industry-leading Equipment Cost Index Equipment Cost Index Available Exclusively from Marshall & Swift 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 56 CHEMICAL ENGINEERING WWW.CHE.COM AUGUST 2013

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Economic Indicators

400

450

500

550

600

650

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

DOWNLOAD THE CEPCI TWO WEEKS SOONER AT WWW.CHE.COM/PCI

CURRENT TRENDS

Preliminary data for the May 2013 CE Plant Cost Index

(CEPCI; top; the most recent available) indicate that the com-posite index decreased by 0.5% from the the final April value. The data for each of the sub-indices decreased in the May preliminary numbers, except for the index value for electri-cal equipment, which rose. The May 2013 preliminary PCI index value stands at 4.6% lower than the corresponding final PCI value from May 2012. Meanwhile, the latest Current Business Indicators from IHS Global Insight (middle) moved in both directions, with the CPI output index edging slightly downward, while the CPI value of output increased slightly in the latest numbers.

2011 2012 2013

CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)

(195759 = 100)May. 13Prelim.

Apr. 13Final

May. 12Final

CE Index 566.4 569.4 593.8Equipment 685.4 689.5 726.2

Heat exchangers & tanks 624.3 626.2 683.6

Process machinery 655.0 656.5 680.1

Pipe, valves & fittings 863.4 875.6 926.7

Process instruments 410.8 413.2 428.9

Pumps & compressors 919.3 924.5 928.1

Electrical equipment 513.1 512.6 515.2

Structural supports & misc 741.7 746.8 763.8

Construction labor 319.1 319.8 322.9

Buildings 534.0 536.5 527.7

Engineering & supervision 326.0 327.6 328.3

CURRENT BUSINESS INDICATORS LATEST PREVIOUS YEAR AGO

CPI output index (2007 = 100) Jun. '13 = 87.9 May. '13 = 88.1 Apr.'13 = 87.7 Jun'12 = 86.5

CPI value of output, $ billions May. '13 = 2,122.3 Apr. '13 = 2,098.1 Mar.'13 = 2,126.0 May'12 = 2,127.1

CPI operating rate, % Jun. '13 = 74.5 May. '13 = 74.7 Apr.'13 = 74.3 Jun'12 = 74.0

Producer prices, industrial chemicals (1982 = 100) Jun. '13 = 304.0 May. '13 = 301.7 Apr.'13 = 308.7 Jun'12 = 299.4

Industrial Production in Manufacturing (2007 = 100) Jun. '13 = 95.7 May. '13 = 95.5 Apr.'13 = 95.2 Jun'12 = 94.0

Hourly earnings index, chemical & allied products (1992 = 100) Jun. '13 = 156.2 May. '13 = 156.6 Apr.'13 = 155.3 Jun'12 = 156.3

Productivity index, chemicals & allied products (1992 = 100) Jun. '13 = 104.0 May. '13 = 104.7 Apr.'13 = 104.4 Jun'12 = 105.9

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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

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CPI OUTPUT INDEX (2007 = 100) CPI OUTPUT VALUE ($ BILLIONS) CPI OPERATING RATE (%)

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

are now available at www.equipment-cost-index.com.

Quarterly updates of our industry-leading Equipment Cost Index

Equipment Cost Index AvailableExclusively from Marshall & Swift

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

56 CHEMICAL ENGINEERING WWW.CHE.COM AUGUST 2013