Economic Indicators

2009

2010

2011

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CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
(1957-59 = 100)

Apr. '11
Prelim.
582.4
708.2
671.4
665.3
868.9
443.7
904.7
502.6
752.8
325.8
517.1
333.6

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

Mar. '11
Final
575.8
698.7
657.5
662.0
862.8
438.7
898.5
499.4
738.6
324.2
514.1
334.3

650

Apr. '10
Final
555.3
666.0
622.6
625.4
829.5
426.7
902.4
472.5
688.7
327.3
508.9
341.4

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

LATEST

PREVIOUS

YEAR AGO

CPI output index (2007 = 100)

May. '11

87.5

Apr. '11

87.0

Mar. '11

87.4

May. '10

85.1

CPI value of output, $ billions

Apr. '11

2,081.2

Mar. '11

2,072.8

Feb. '11

1,990.4

Apr. '10

1,769.7

CPI operating rate, %

May. '11

75.4

Apr. '11

74.9

Mar. '11

75.3

May. '10

72.8

Producer prices, industrial chemicals (1982 = 100)

May. '11

336.0

Apr. '11

322.7

Mar. '11

312.9

May. '10

271.9

Industrial Production in Manufacturing (2007=100)

May. '11

89.8

Apr. '11

89.4

Mar. '11

89.9

May. '10

86.7

Hourly earnings index, chemical & allied products (1992 = 100)

May. '11

156.2

Apr. '11

154.9

Mar. '11

156.1

May. '10

152.7

Productivity index, chemicals & allied products (1992 = 100)

May. '11

111.0

Apr. '11

110.9

Mar. '11

112.8

May. '10

109.8

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

1st Q
2011
1,490.2

4th Q
2010
1,476.7

3rd Q
2010
1,473.3

2nd Q
2010
1,461.3

1st Q
2010
1,448.3

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

1,510.3
1,508.1
1,481.8
1,496.0
1,403.0
1,515.1
1,416.4
1,615.6
1,551.0

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

1,389.6
1,552.1
1,772.2
1,475.0

Annual Index:
2004 = 1,178.5
2005 = 1,244.5
2008 = 1,449.3
2009 = 1,468.6

CURRENT TRENDS

1500

1485
1470
1455
1440
1425
1410
1395
1380
1365
1350
1335

2006 = 1,302.3
2010 = 1,457.4

1320
1st

2nd
3rd
Quarter

4th

Source: Marshall & Swifts 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.

64

CHEMICAL ENGINEERING WWW.CHE.COM JULY 2011

apital equipment prices,

as reflected in the CE Plant
Cost Index (CEPCI), increased
approximately 1.14% on average from March to April.
Meanwhile, according to the
American Chemistry Councils
(Washington, D.C.; www.
americanchemistry.com) most
recent weekly economic report at CE press time, industrial production increases in
May were led by pharmaceuticals and specialty chemicals,
while production actually fell
in basic chemicals.
Visit www.che.com/pci for
more information and other
tips on capital cost trends
and methodology.