Index

E cono m ic In d ic a to rs
20101
20111
2012i
DOWNLOADTHE C E P C I TWO WEEKS SOONER AT W W W .C H E .C O M /PC I

CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI)
May.'12
Prelim.
Apr.112
May.'l 1
__________
593.8
595.9
581.9
_______________
726.2
730.2
707.5
2004 = 444.2
( 1957-59 = 100)
C f In d e x
E q u ip m e n t
Annual
In d e x :
H eat e xch a n g e rs & tanks _
683.6
686.9
673.0
2005 = 468.2
Process m a c h in e ry
_____
680.1
680.7
663.7
2006 = 499.6
Pipe,valves & fittings
____
926.7
935.7
861.8
2007 = 525.4
Process instrum ents
____
428.9
430.8
441.8
Pum ps & com pressors
__
928.1
921.8
905.4
E lectrical e q u ip m e n t
___
515.2
514.9
503.0
763.8
774.2
755.7
______
322.9
320.7
325.2
________________
527.7
527.1
518.6
328.3
328.4
332.9
S tructural su pp orts & m isc

C o nstructio n la b o r
Buildings
E ngineering & supervision
CURRENT BUSINESS INDICATORS

CPI o u tp u t in de x (2007 = 100)
2009 = 521.9
2010 = 550.8
2011 =585.7
LATEST
F M A M J
Jun. '12
88.4
M a y.'12
87.9
A p r.'l 2
88.7
J u n .'l 1
_____________________
M a y.'l 2
2,133.8
A p r.'12
2,132.6
M a r.'l 2
2,167.3
M a y.'l 1
____________________________
P roducer p rice s,ind u stria l c h e m ic a ls (1982 = 100)

Industrial P roduction in M a n u fa c tu rin g (2007=100)
2,085.9
PREVIOUS
____________________
CPI va lu e of o u tp u t, $ billions
CPI o p e ra tin g rate,%
2008 = 575.4
86.9
J u n .'12
76.3
M a y.'12
75.9
A p r.'l 2
76.6
J u n .'l 1
75.0
__________
J u n .'12
312.7
M a y.'12
324.4
A p r.'l 2
329.6
J u n .'l 1
339.6
_________
J u n .'12
94.7
M a y.'12
94.0
A p r.'l 2
94.7
J u n .'l 1
89.7
Hourly e arnin g s in dex, c h e m ic a l & a llie d p ro d u cts (1992 = 100)
J u n .'12
156.7
M a y.'12
157.6
A p r.'l 2
160.5
J u n .'l 1
157.6
P roductivity in d e x ,c h e m ic a ls & allie d p ro d u cts (1992 = 100)
J u n .'12
104.5
M a y.'12
104.0
A p r.'l 2
104.7
J u n .'l 1
107.5
CPI OUTPUT INDEX (2007 = 100)
CPI OUTPUT VALUE ($ b illio n s )
CPI OPERATING RATE (%)
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
C u rre n t Business Ind ica tors p ro vide d b y IHS G lo b a l Insight, Inc., Lexington, Mass.
CURRENT TRENDS
apital equipment prices, as reflected in the CE Plant Cost
clining prices for organic chemicals (-1.1%), inorganic chemicals
Index (CEPCI; top), d ropped 2% from April to M ay (the most
(-0.1 %), synthetic rubber (-7.8%), and plastics resins (-2.6%) were
recent data). Meanwhile, all of the Current Business Indicators
only partially offset by a gain in manmade fiber prices (+2.8%).
from IHS Global Insight (middle), including the operating rate,
Feedstock costs fell 21.3% in June following a 3.3% decline in May.
increased slightly from M ay to June.
Specialty chemical prices fell 0.7%, with similar declines in coat
According to the American Chemistry Council (ACC; Washing

ton, D.C.; www.americanchemistry.com), in its most recent weekly
ings and other specialties. Small increases occurred in agricultural

chemicals (0.9%) and consumer chemistry (0.2%).
report at CE press time, overall prices for chemicals fell by 1.0%
Compared to last year, prices for basic chemicals, inorganic
in June after rising 0.5% in May. June prices fell for pharmaceu
chemicals, specialty chemicals, synthetic rubber and plastic resins
ticals (-0.6%) and other chemistry (excluding pharmaceuticals;
are up, ACC says. Prices for bulk petrochemical and organics,
-1.2%), ACC says. Prices for basic chemicals fell by 1.4% as de
however, are off compared to a year ago, down by 1.2%.
64
CHEMICAL ENGINEERING WWW.CHE.COM AUGUST 2012
2009i
20101
20111
2012i

( 1957-5 9 = 100)
C f ln d e x
J a n .'12
Prelim.
_ 593.1
---------------
E q u ip m e n t
----------------------H e at e xch a n g e rs & ta n ks
--------Pipe, valves & fittings
____
-------Pum ps & com pressors
___
____
Structural supp orts & misc
C o n stru ctio n la b o r
_______
Buildings
_
_
D e c .'11
Final
590.1
J a n .'11
Final
564.8
718.7
681.6
670.9
902.1
428.0
910.1
511.5
762.4
331.4
519.1
329.6
681.9
635.8
643.7
859.2
431.1
876.5
495.2
707.4
326.6
505.5
334.8
724.5
683.1
675.7
924.9
427.0
911.6
511.6
768.9
327.0
520.6
329.0
Annual Index:
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 =585.7
Fe b.'l 2
89.2
J a n .'12
89.2
D e c .'l
_____________________
J a n .'12
2,151.5
D e c .'11
2,119.8
Nov.'l
____________________________
Producer p rice s,ind u stria l c h e m ic a ls (1982 = 100)
YEAR AGO
P R E V IO U S
____________________

LATEST
F M A M J
89.2
Feb.'11
2,121.0
J a n .'l 1
86.6
=
1,989.2
F e b.'l 2
77.2
J a n .'12
77.2
D e c .'l
77.1
Feb.'l 1
74.7
__________
F e b.'l 2
318.1
J a n .'12
303.9
D e c .'l
309.6
Feb.'l 1
311.5
_________
F e b.'l 2
94.0
J a n .'12
93.8
D e c .'l
92.8
Feb.'l 1
89.5
F e b.'l 2
156.0
J a n .'12
158.8
D e c .'l
158.5
Feb.'l 1
154.0
F e b.'l 2
108.7
J a n .'12
109.3
D e c .'l
110.5
Feb.'l 1
112.3
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
MARSHALL & SWIFT EQUIPMENT COST INDEX

( 1926= 100)
4th Q
2011
3 rd Q
2011
2nd Q
2011
Is tQ
2011
4th Q
2 010
1,536.5
1,533.3
1,512.5
1,490.2
1,476.7
Process in d u s trie s ,a v e ra g e .
1,597.7
1,592.5
1,569.0
1,549.8
1,537.0
C e m e n t _________________
1,596.7
1,589.3
1,568.0
1,546.6
1,532.5
C h e m ica ls ______________
1,565.0
1,559.8
1,537.4
1,519.8
1,507.3
C la y p r o d u c ts ___________
1,583.6
1,579.2
1,557.5
1,534.9
1,521.4
G lass ____________________
1,495.7
1,491.1
1,469.2
1,447.2
1,432.7
M & S INDEX
--------
Paint ____________________
1,613.6
1,608.7
1,584.1
1,560.7
1,545.8
P a p e r ____________________
1,507.6
1,502.4
1,480.7
1,459.4
1,447.6
P etroleum p r o d u c ts .
1,704.9
1,698.7
1,672.0
1,652.5
1,640.4
Rubber ____________
1,644.2
1,641.4
1,617.4
1,596.2
1,581.5
R elated industries
Electrical pow er _
1,515.0
1,517.6
1,494.9
1,461.2
1,434.9
M in in g .m illin g __
1,659.6
1,648.6
1,623.5
1,599.7
1,579.4
R e frig e ra tio n ____
1,889.4
1,884.4
1,856.4
1,827.8
1,809.3
S team pow er ___
1,574.3
1,572.2
1,546.5
1,523.0
1,506.4
CURRENT TRENDS
1545
1530
1515
2004 =1,178.5
2005 = 1,244.5
2006 = 1,302.3
2007 = 1,373.3
2008 =1,449.3
2009 = 1,468.6
2010 = 1,457.4
increased 0.5% from De

1485
cember to January. This
1470
month's issue presents the
1455
annual 2011 CEPCI, 585.7,
1440
which is an 6.3% increase

from 2010 and an 11.4%
1425
increase from 2009. It also

1410
is the first annual number to
1395
surpass the previous peak
1380
of 2008.
V is itwww.che.com/pci for
1365
2nd
3rd
Quarter
M arshall & Swift's M arshall V a lu a tio n Service m a n u a l. 2012 E q u ip m e n t C o st Index Num bers re printed a n d
p u b lish e d w ith th e perm ission o f M arshall & S w ift/B oeckh, LLC a n d its licensors, c o p y rig h t 2012. M a y n o t be
reprinted, c o p ie d , a u to m a te d or used for va lu a tio n w ith o u t M arshall & S w ift/B oeckh's prio r perm ission.
84
CHEMICAL ENGINEERING WWW.CHE.COM APRIL 2012
as reflected in the CE
Plant Cost Index (CEPCI),
1500
Annual Index:
2003 = 1,123.6
apital equipment prices,
4th
more information and other

tips on capital cost trends
and methodology.
2011
2012
2013

650-
CHEMICAL ENGINEERING PLANT COST INDEX CEPCI

A nnual
In d e x :
J a n .'1 3
Prelim.
D ec.'12
Final
J a n .'12
Final
CE I n d e x
571.4
571.9
593.6
2005 = 468.2
E qu ip m e nt
2006 = 499.6
(1 9 5 7 -5 9 = 100 )
600
69? 9
693.6
726.8
H e at e xch a n q e rs & tanks

P ro ra s m n rh in ^ ry
630 ?
657 7
634.7
686.7
657.6
676.1
2007 = 525.4
Pipe, valves & fittings
890 4
4166
895.8
924.9
2008 = 575.4
Process in strum ents
415.7
427.8
913 9
899.6
911.6
Flectrica l e q u ip m e n t
S tructural supp orts & m isc
513 9
511.4
511.6
741 6
734.5
776.1
.319.8
321.3
321.1
Buildings
E ngineering & s u p e rv is io n ---------------------
5.31
526.8
520.4
327.1
326.9
329.9
550
500
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
450
2012 = 584.6
400
LATEST
F M
A M
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (2007 = 100')
F e b /1 3
90.0
J a n /1 3
89.9
D e c /1 2
88.3
F e b.'l 2
89.7
J a n .'13
2,174.2
D e c /1 2
2,164.3
N o v/12
2,208.7
J a n .'l 2
2,143.7
C P Io p e ra tin a rate.%
F e b /1 3
77.4
J a n /1 3
77.4
D e c /1 2
76.2
F e b.'l 2
77.5
P roducer p rice s.ind u stria l c h e m ic a ls H 98? = 100^

Industrial P roduction in M a n u fa c tu rin a (?007=1 0(T)
F e b/1 3
F ^ h '1 3
=
=
314.2
J a n /1 3
299.7
D e c /1 2
299.7
F e b/1 2
314.9
96.5
J a n /1 3
95.7
D e c /1 2
94.8
F e b/1 2
94.6
______ F e b/1 3
F ^ h '1 3
=
-
155.2
106.6
J a n /1 3
J a n /1 3
=
=
155.0
107.1
D e c /1 2
D e c /1 2
=
=
153.9
105.8
F e b/1 2
F e b/1 2
=
=
157.3
108.7

P roductivity in d e x ,c h e m ic a ls & allie d p ro d u cts (1992 -1 0 0 )
CPI OUTPUT VALUE ($ b il l io n s )
2500
2200
1900
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
Equipment Cost Index Available j | ;e

Exclusively from Marshall & Swift j p
M a rshall & S w ift

'
.: II _
' If IV I
P i
Quarterly updates of our industry-leading Equipment Cost Index

are now available at www.equipment-cost-index.coni.
72
CURRENT TRENDS
he overall CE Plant Cost Index
(CEPCI; top) for 2012 was
0.1 9% lower than the end-of-year
average from 2011. Preliminary
data From January 2013 CEPCI
(the most recent available) indicate
that capital equipment prices de
clined from December to January,
by 0.09%. When compared to
year-earlier numbers (from Janu
ary 201 2), the January 2013 pre
liminary Plant Cost Index stands
at 3.74% lower. Meanwhile, the
Current Business Indicators from
IHS Global Insight (middle),
show that the latest CPI output
index value (Feb. 201 3) edged
slightly higher from the previous
month, and producer prices for
industrial chemicals were mod
estly higher.
2010
2009
20081

( 1957 -5 9 = 100 )
C f ln d e x
M a y '10
Prelim.
_ 558.2
---------------
_
_
_
_
E q u ip m e n t
____
___
-----Structural supp orts & misc
_______
B uildings
_______________
A p r.110
Final
555.3
M a y '09
Final
509.1
Annual Index:
666.0
596.8
529.9
583.0
748.1
389.0
896.7
458.9
602.4
326.6
485.4
347.9
2003 = 402.0
670.2
629.9
631.8
828.3
424.8
903.1
473.2
697.5
327.4
513.9
339.7
622.6
625.4
829.5
426.7
902.4
472.5
688.7
327.3
508.9
341.4
2002 = 395.6
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
Starting w ith th e A pril 2007 Final num bers, several o f th e d a ta series for la b o r a n d com pressors h ave
b ee n c o n ve rte d to a c c o m m o d a te series IDs th a t w ere d is c o n tin u e d by th e U.S. Bureau o f Labor Statistics
LATEST
F M A M J
P R E V IO U S
____________________
. J u n .'l'10
88.6
M a y.'10
88.6
Apr.
88.7
J u n .'09
82.6
_____________________
. M a y.1
'10
'
1,796.3
A p r.'10
1,854.6
Mar.
1,866.7
M ay.'09
1,519.0
____________________________

. Jun.''10
71.6
M a y.'10
71.4
Apr.
71.5
J u n .'09
65.4
__________
. Jun. '10
267.7
M a y.'10
272.8
Apr.
274.0
J u n .'09
232.8
_________
. J u n .'l'10
89.6
M a y.'10
90.0
Apr.
89.1
J u n .'09
82.7
. J u n .'l'10
154.1
M a y.'10
91.0
Apr.
90.1
J u n .'09
83.7
. J u n .'l'10
120.6
M a y.'10
92.0
Apr.
91.1
J u n .'09
84.7
CPI OUTPUT INDEX (2007
100 )
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
C u rre n t Business Ind ica tors p ro vide d b y G lo b a l Insight, Inc., Lexington, Mass.

( 1 9 2 6 = 100 )
2nd
2 00 9
2010
2010
1.461.3
1,448.3
1.446.5
1.446.4
1,462.9
1.522.1
1,510.3
1,511.9
1.515.1
1,534.2
C e m e n t _________________
1.519.2
1,508.1
1.508.2
1.509.7
1.532.5
C h e m ica ls ______________
1.493.5
1,481.8
1.483.1
1.485.8
1.504.8
C la y p r o d u c ts ___________
1.505.6
1,496.0
1.494.3
1.495.8
1.512.9
G lass ____________________
1.416.4
1,403.0
1.400.1
1.400.4
1.420.1
Paint ____________________
1.527.6
1,515.1
1.514.1
1.515.1
1.535.9
P a p e r ____________________
1.430.1
1,416.4
1.415.8
1,416.3
1.435.6
1,625.9
1,615.6
1.617.6
1.625.2
1,643.5
Rubber ____________
1.564.2
1,551.0
1.560.5
1.560.7
1.581.1
Electrical pow er _
1.414.0
1,389.6
1.377.3
1.370.8
1.394.7
1.569.1
1.552.1
1.548.1
1,547.6
1.562.9
1,786.9
1.772.2
1.769.5
1.767.3
1,789.0
S team pow er ___
1,488.0
1,475.0
1.470.8
1.471.4
1.490.8
--------------
Is tQ
3rd Q
2 00 9
4th Q
2 009
M & S INDEX
2nd Q
CURRENT TRENDS
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2002 = 1,1 0 4 .2
2004 = 1 ,1 7 8 .5
2006 = 1 ,3 0 2 .3
2008 = 1,4 4 9.3
2003 = 1,1 2 3 .6
2005 = 1 ,2 4 4 .5
2007 = 1 ,3 7 3 .3
2009 = 1,4 6 8.6
2nd
3rd
Quarter
52
apital equipment prices (as

reflected in the M ay CE Plant
Cost Index) continue to climb
according toward a typical mid
year peak, but the gap between
the 2010 index and the 2008
index is widening.
Meanwhile, Current Business
Indicators from Global Insight, Inc.
show that CPI output was essen
tially flat from May to June, and the
operating rate climbed only slightly.
Note that industrial production,
and hence the CPI output index,
was changed from a 2002=100 to
2007=100 base on June 25. Like
wise, the basis for Industrial Pro
duction in Manufacturing changed.
more on capital cost trends and
methodology.
2011
2012
2013

650-

A nnual
In d e x :
M a y .'13
Prelim.
A p r.'l 3
Final
M a y .'1 2
Final
CE I n d e x
566.4
569.4
593.8
2005 = 468.2
E qu ip m e nt
2006 = 499.6
(1 9 5 7 -5 9 = 100)
600
685 4
689.5
726.2

694 3
655 n
626.2
683.6
656.5
680.1
2007 = 525.4
863 4
410 8
875.6
926.7
2008 = 575.4
413.2
428.9
919 3
924.5
928.1
513 1
512.6
515.2
741 7
746.8
763.8
.319.1
319.8
322.9
Buildings
5.34.0
536.5
527.7
326.0
327.6
328.3
550
500
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
450
2012 = 584.6
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (2007 = 100')
J u n .'13
87.9
M a y.'13
88.1
A p r.'l 3
87.7
J u n 'l 2
86.5
Mav.'13
2,122.3
A p r.'13
2,098.1
M a r.'l 3
2,126.0
M a y 'l 2
2,127.1
J u n .'13
74.5
M a y.'13
74.7
A p r.'l 3
74.3
J u n 'l 2
74.0
P roducer prices, industrial c h e m ic a ls H 98? = 1OO'i

Industrial P roduction in M a n u fa c tu rin a (9 0 0 7 = 1 0(T)
J u n .'13
.lun '13
=
=
304.0
M a y.'13
301.7
A p r.'l 3
308.7
J u n 'l 2
299.4
95.7
M a y.'13
95.5
A p r.'l 3
95.2
J u n 'l 2
94.0
______ J u n .'l 3
.lun '13
=
-
156.2
104.0
M a y.'13
M a y.'13
=
=
156.6
104.7
A p r.'l 3
A p r.'l 3
=
=
155.3
104.4
J u n 'l 2
J u n 'l 2
=
=
156.3
105.9
Hourly e arnin g s in dex, c h e m ic a l& allie d p ro d u cts (1992 = 100)

100 )
2500
2200
1900
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D


'
ii
if
rv

56
CURRENT TRENDS
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 electri
cal equipment, which rose. The
May 201 3 preliminary PCI index
value stands at 4.6% lower than
the corresponding final PCI value
from May 201 2. 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.
20101
20111
2012i

( 1957-59 = 100)
C f In d e x
E q u ip m e n t
May.'12
Prelim.
A p r.112
M a y .'l 1
__________
593.8
595.9
581.9
_______________
726.2
730.2
707.5
2004 = 444.2
Annual
In d e x :
683.6
686.9
673.0
2005 = 468.2
_____
680.1
680.7
663.7
2006 = 499.6
____
926.7
935.7
861.8
2007 = 525.4
____
428.9
430.8
441.8
__
928.1
921.8
905.4
___
515.2
514.9
503.0
763.8
774.2
755.7
______
322.9
320.7
325.2
________________
527.7
527.1
518.6
328.3
328.4
332.9

Buildings

2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
LATEST
F M A M J
Jun. '12
88.4
M a y.'12
87.9
A p r.'l 2
88.7
J u n .'l 1
_____________________
M a y.'l 2
2,133.8
A p r.'12
2,132.6
M a r.'l 2
2,167.3
M a y.'l 1
____________________________

2,085.9
PREVIOUS
____________________
2008 = 575.4
86.9
J u n .'12
76.3
M a y.'12
75.9
A p r.'l 2
76.6
J u n .'l 1
75.0
__________
J u n .'12
312.7
M a y.'12
324.4
A p r.'l 2
329.6
J u n .'l 1
339.6
_________
J u n .'12
94.7
M a y.'12
94.0
A p r.'l 2
94.7
J u n .'l 1
89.7
J u n .'12
156.7
M a y.'12
157.6
A p r.'l 2
160.5
J u n .'l 1
157.6
J u n .'12
104.5
M a y.'12
104.0
A p r.'l 2
104.7
J u n .'l 1
107.5
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS
clining prices for organic chemicals (-1.1%), inorganic chemicals
Index (CEPCI; top), d ropped 2% from April to M ay (the most
(-0.1 %), synthetic rubber (-7.8%), and plastics resins (-2.6%) were
recent data). Meanwhile, all of the Current Business Indicators
only partially offset by a gain in manmade fiber prices (+2.8%).
Feedstock costs fell 21.3% in June following a 3.3% decline in May.
increased slightly from M ay to June.
Specialty chemical prices fell 0.7%, with similar declines in coat

ings and other specialties. Small increases occurred in agricultural

chemicals (0.9%) and consumer chemistry (0.2%).
report at CE press time, overall prices for chemicals fell by 1.0%
Compared to last year, prices for basic chemicals, inorganic
in June after rising 0.5% in May. June prices fell for pharmaceu
chemicals, specialty chemicals, synthetic rubber and plastic resins
ticals (-0.6%) and other chemistry (excluding pharmaceuticals;
are up, ACC says. Prices for bulk petrochemical and organics,
-1.2%), ACC says. Prices for basic chemicals fell by 1.4% as de
however, are off compared to a year ago, down by 1.2%.
64
2009i
2011
20101

( 1957-5 9 = 100)
C f ln d e x
J a n .'11
Prelim.
_ 564.8
---------------
E q u ip m e n t
____
___
____
_______
Buildings
_
_
_
D e c .'10
Final
560.3
J a n .'10
Final
532.9
674.6
627.1
627.6
854.3
426.2
903.6
488.4
696.3
328.1
503.3
335.6
631.8
571.9
601.9
794.5
419.8
903.0
469.2
640.2
331.0
494.8
342.4
681.7
635.8
642.5
859.2
431.0
876.5
495.2
707.4
326.7
505.6
334.8
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8

LATEST
F M A M J
P R E V IO U S
____________________
Fe b.'l 1
91.0
J a n .'11
91.1
D e c.'10
90.6
Feb.'10
87.4
_____________________
J a n .'l 1
2,050.1
D e c .'10
1,974.3
Nov.'lO
1,893.4
J a n .'10
1,786.8
. Fe b.'l 1 =
73.7
J a n .'11
73.8
D e c.'10
73.4
Feb.'l 0
70.3
__________
. Fe b.'l 1 =
304.2
J a n .'11
291.4
D e c.'10
282.8
Feb.'l 0
269.4
_________
____________________________
. Fe b.'l 1 =
93.5
J a n .'11
93.1
D e c.'10
92.3
Feb.'l 0
87.5
. Fe b.'l 1 =
154.8
J a n .'11
156.3
D e c.'10
154.9
Feb.'l 0
150.4
. Fe b.'l 1 =
124.2
J a n .'11
124.1
D e c.'10
123.4
Feb.'l 0
121.0
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

( 1926= 100)
Is t Q
2011
4th Q
2010
3rd Q
2010
2 nd Q
2 010
Is tQ
2 010
1,490.2
1,476.7
1,473.3
1,461.3
1,448.3
1,549.8
1,537.0
1,534.4
1,522.1
1,510.3
C e m e n t _________________
1,546.6
1,532.5
1,530.0
1,519.2
1,508.1
C h e m ica ls ______________
1,519.8
1,507.3
1,505.2
1,493.5
1,481.8
C la y p r o d u c ts ___________
1,534.9
1,521.4
1,518.3
1,505.6
1,496.0
G lass ____________________
1,447.2
1,432.7
1,428.5
1,416.4
1,403.0
Paint ____________________
1,560.7
1,545.8
1,542.1
1,527.6
1,515.1
P a p e r ____________________
1,459.4
1,447.6
1,444.5
1,430.1
1,416.4
1,652.5
1,640.4
1,637.0
1,625.9
1,615.6
Rubber ____________
1,596.2
1,581.5
1,579.3
1,564.2
1,551.0
Electrical pow er _
1,461.2
1,434.9
1,419.2
1,414.0
1,389.6
1,599.7
1,579.4
1,576.7
1,569.1
1,552.1
1,827.8
1,809.3
1,804.8
1,786.9
1,772.2
S team pow er ___
1,523.0
1,506.4
1,502.3
1,488.0
1,475.0
M & S INDEX
--------
R elated industries
1500
1485
1470
1455
1440
1425
1410
1395
1380
1365
1350
1335
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
1320
2nd
3rd
Quarter
68

reflected in the CE Plant Cost
Index; CEPCI) continued their
increase from December 2010 to
January 2011. With the December
numbers now finalized, the Annual
CEPCI for 2010 has been calcu
lated at 550.8. The following lists
the percent change in the Annual
CEPCI over the past eight years, to
help put the trends in perspective:
2003-2004
10.5%
2004-2005
5.4%
2005-2006
6.7%
2006-2007
5.2%
2007-2008
9.5%
2008-2009
-9.3%
2009-2010
5.5%
V isitwww.che.com/pci for his
torical data and more on capital
cost trends and methodology.
4th
2009i
2011
20101

( 1957-5 9 = 100)
C f ln d e x
J u ly '11
Prelim.
_ 593.2
---------------
E q u ip m e n t
____
___
____
_______
Buildings
_
_
June '11
Final
588.9
J u ly '10
Final
550.7
718.0
678.0
664.5
904.8
440.9
904.7
510.8
760.7
325.6
519.1
332.6
659.2
611.1
626.0
821.7
416.8
902.4
481.6
679.7
328.7
506.7
338.4
724.1
681.8
675.8
915.3
446.9
909.5
512.5
764.7
327.1
520.6
332.1
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
LATEST
=
87.5
Ju l.'l
J u l.'11
2,100.2
J u n .'l
A u a .'l 1
75.5
Ju l.'l
P roducer p rin ts, industrial c h e m ic a ls (1 98? = 100")
A u a .'l 1
336.5
Ju l.'l
CPI va lu e of o u tp u t. $ billions
A u a .'l 1
Industrial P roduction in M a n iifa n tu rin q ('9007=1 00")

______ A u g .'11
A u a .'l 1
=
=
=
YEAR AGO
87.3
J u n .'l
2,073.4
M a y.'l
75.3
J u n .'l
75.0
A u g .'10
72.9
338.0
J u n .'l
342.6
A u g .'10
260.7
87.0
A u g .'10
85.1
2,065.1
Ju l.'10
1,706.3
90.7
Ju l.'l
90.3
J u n .'l
89.8
A u g .'10
87.4
157.7
Ju l.'l
159.2
J u n .'l
158.0
A u g .'10
158.3
110.2
Ju l.'l
111.0
J u n .'l
111.0
A u g .'10
110.9
P R E V IO U S
A u a .'l 1
CPI o u tp u t in de x (9 0 0 7 = 1 00^
F M A M J
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

( 1926= 100)
M & S INDEX
--------
3rd Q
2011
2nd Q
2011
Is t Q
2011
4th Q
2 010
3rd Q
2 010
1,533.3
1,512.5
1,490.2
1,476.7
1,473.3
1,592.5
1,569.0
1,549.8
1,537.0
1,534.4
C e m e n t _________________
1,589.3
1,568.0
1,546.6
1,532.5
1,530.0
C h e m ica ls ______________
1,559.8
1,537.4
1,519.8
1,507.3
1,505.2
C la y p r o d u c ts ___________
1,579.2
1,557.5
1,534.9
1,521.4
1,518.3
G lass ____________________
1,491.1
1,469.2
1,447.2
1,432.7
1,428.5
Paint ____________________
1,608.7
1,584.1
1,560.7
1,545.8
1,542.1
P a p e r ____________________
1,502.4
1,480.7
1,459.4
1,447.6
1,444.5
1,698.7
1,672.0
1,652.5
1,640.4
1,637.0
Rubber ____________
1,641.4
1,617.4
1,596.2
1,581.5
1,579.3
Electrical pow er _
1,517.6
1,494.9
1,461.2
1,434.9
1,419.2
1,648.6
1,623.5
1,599.7
1,579.4
1,576.7
1,884.4
1,856.4
1,827.8
1,809.3
1,804.8
S team pow er ___
1,572.2
1,546.5
1,523.0
1,506.4
1,502.3
R elated industries
1545
1515
1500
1485
1470
1455
1440
1425
1410
1395
1380
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
1365
2nd
3rd
Q ua rte r
80
CHEMICAL ENGINEERING WWW.CHE.COM OCTOBER 2011

increased approximately
0.73% on average from
June to July, after increas
ing approximately 1.2%
from M ay to June.
Meanwhile, according to
the Current Business Indica
tors (see middle table) from
Global Insight, Inc., August
saw increases in the CPI
output index, the CPI value
of output and the CPI operat
ing rate.
and methodology.
1530
4th
2009 i
2011
2010 i
DOWNLOAD THE C E P C I TWO WEEKS SOONER AT W W W .C H E .C O M /PC I

(1957-59 = 100)
CE In d e x
650-
Apr. '11
Prelim.
582.4
Mar. '11
Final
575.8
Apr. '10
Final
555.3
708.2
671.4
665.3
868.9
443.7
904 7
502.6
752.8
325 8
698.7
657.5
662.0
862.8
438.7
898.5
499.4
738.6
324.2
514.1
334.3
666.0
622.6
625.4
829.5
426.7
902.4
472.5
688.7
327.3
508.9
341.4
E qu ip m e nt
H e at e xch a n g e rs & tanks
S tructural supp orts & misc
C o n stru ctio n la bo r
Buildings
517.1
333 6
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
F M A M J
YEAR AGO
PREVIOUS
May. '11
87.5
Apr. '1
87.0
Mar. '11
87.4
May. '10
85.1
Apr. '11
2,081.2
Mar. '1
2,072.8
Feb. '11
1,990.4
Apr. '10
1,769.7
CPI o p e ra tin g rate, %
May. '11
75.4
Apr. '1
74.9
Mar. '11
75.3
May. '10
72.8
P roducer prices, industrial c h e m ic a ls (1982 = 100)
May. '11
336.0
Apr. '1
322.7
Mar. '11
312.9
May. '10
271.9
May. '11

______ May. '11

May. '11
P roductivity index, c h e m ic a ls & allie d p ro d u cts (1992 = 100)
=
=
=
89.8
Apr. '1
89.4
Mar. '11
89.9
May. '10
86.7
156.2
Apr. '1
154.9
Mar. '11
156.1
May. '10
152.7
111.0
Apr. '1
110.9
Mar. '11
112.8
May. '10
109.8
CPI OUTPUT VALUE ($ b i lli o n s )
2500
85
2200
80
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1926 = 100)
1st Q
2011
4th Q
2010
3rd Q
2010
2 nd Q
2 010
1st Q
2 010
1,490.2
1,476.7
1,473.3
1,461.3
1,448.3
Process industries, a v e r a g e .
1,549.8
1,537.0
1,534.4
1,522.1
1,510.3
C e m e n t _________________
1,546.6
1,532.5
1,530.0
1,519.2
1,508.1
C h e m ica ls ______________
1,519.8
1,507.3
1,505.2
1,493.5
1,481.8
C la y p r o d u c ts ___________
1,534.9
1,521.4
1,518.3
1,505.6
1,496.0
G lass ____________________
1,447.2
1,432.7
1,428.5
1,416.4
1,403.0
Paint ____________________
1,560.7
1,545.8
1,542.1
1,527.6
1,515.1
P a p e r ____________________
1,459.4
1,447.6
1,444.5
1,430.1
1,416.4
1,652.5
1,640.4
1,637.0
1,625.9
1,615.6
Rubber ____________
1,596.2
1,581.5
1,579.3
1,564.2
1,551.0
Electrical pow er _
1,461.2
1,434.9
1,419.2
1,414.0
1,389.6
Mining, m illin g __
1,599.7
1,579.4
1,576.7
1,569.1
1,552.1
1,827.8
1,809.3
1,804.8
1,786.9
1,772.2
S team pow er ___
1,523.0
1,506.4
1,502.3
1,488.0
1,475.0
M & S IN D E X
---------
R elated industries
1500
1485
1470
1455
1440
1425
1410
1395
1380
1365
1350
1335
Annual Index:
2003 = 1,123.6
2004 =1,178.5
2005 = 1,244.5
2006 = 1,302.3
2007 = 1,373.3
2008 =1,449.3
2009 = 1,468.6
2010 = 1,457.4
1320
1st
2nd
3rd
Quarter
64
CHEMICAL ENGINEERING WWW.CHE.COM JULY 2011

as reflected in the CE Plant
Cost Index (CEPCI), increased
approximately 1.14% on av
erage from March to A pril.
Meanwhile, according to the
American Chemistry Council's
(Washington, D.C.; www.
americanchemistry.com) most
recent weekly economic re
port at CE press time, indus
trial production increases in
M ay were led by pharmaceu
ticals and specialty chemicals,
while production actually fell
in basic chemicals.
Visit www.che.com/pci for
and methodology.
4th
2008 i
2009 i
20111
2010 i

(1957-59 = 100)
CE In d e x
-------------
650
Dec. '10
Prelim.
560.4
Nov. '10
Final
556.7
D ec. '09
Final
524.2
Annual Index:
674.7
627.2
627.6
854.3
426.2
903.6
488.4
696.3
328.5
503.4
335.6
669.0
618.3
627.0
847.0
426.1
904.0
487.1
688.2
328.8
501.4
336.1
618.4
554.2
597.9
776.3
417.5
895.2
467.2
620.0
331.2
494.6
343.2
2003 = 402.0
E q u ip m e n t
-------------------H e at e xch a n g e rs & tanks
------Pipe, valves & fittings
__
-----Pum ps & com pressors
_
__
_____
B uildings
_____________
E ngineering & supervision ______________
2002 = 395.6
2004 =444.2
550
2005 = 468.2
2006 = 499.6
500
2007 = 525.4
2008 = 575.4
450
2009=521.9
600
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
Jan. '11
91.4
Dec. '10
91.5
Nov. '10
90.2
Jan. '10
87.7
Dec. '10
1,956.6
Nov. '10
1,893.4
O ct. '10
1,836.7
Dec. '09
1,765.7
Jan. '11
74.0
Dec. '10
74.1
Nov. '10
72.9
Jan. '10
70.3
Jan. '11
291.4
Dec. '10
282.8
Nov. '10
276.0
Jan. '10
261.7
Jan. '11
92.6
Dec. '10
92.3
Nov. '10
91.6
Jan. '10
87.8
______ Jan. '11
156.1
Dec. '10
154.6
Nov. '10
154.9
Jan. '10
150.4
Jan. '11
124.9
Dec. '10
125.4
Nov. '10
123.3
Jan. '10
117.8

2500
85
2200
80
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1926 = 100)
M & S INDEX
--------
4th Q
2010
3rd Q
2010
2nd Q
2010
1st Q
2 010
4th Q
2 00 9
1,476.7
1,473.3
1,461.3
1,448.3
1,446.5
1,537.0
1,534.4
1,522.1
1,510.3
1,511.9
C e m e n t _________________
1,532.5
1,530.0
1,519.2
1,508.1
1,508.2
C h e m ica ls ______________
1,507.3
1,505.2
1,493.5
1,481.8
1,483.1
C la y p r o d u c ts ___________
1,521.4
1,518.3
1,505.6
1,496.0
1,494.3
G lass ____________________
1,432.7
1,428.5
1,416.4
1,403.0
1,400.1
Paint ____________________
1,545.8
1,542.1
1,527.6
1,515.1
1,514.1
P a p e r ____________________
1,447.6
1,444.5
1,430.1
1,416.4
1,415.8
1,640.4
1,637.0
1,625.9
1,615.6
1,617.6
Rubber ____________
1,581.5
1,579.3
1,564.2
1,551.0
1,560.5
Electrical pow er _
1,434.9
1,419.2
1,414.0
1,389.6
1,377.3
1,579.4
1,576.7
1,569.1
1,552.1
1,548.1
1,809.3
1,804.8
1,786.9
1,772.2
1,769.5
S team pow er ___
1,506.4
1,502.3
1,488.0
1,475.0
1,470.8
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2003 = 1,123.6
2004 =1,178.5
2005 = 1,244.5
2006 = 1,302.3
2007 = 1,373.3
2008 =1,449.3
2009 = 1,468.6
2010 = 1,457.4
1st
2nd
3rd
Quarter
64
CHEMICAL ENGINEERING WWW.CHE.COM MARCH 2011

Index) increased from November
to December. Meanwhile, Global
Insight's CPI operating rate and
output index were relatively flat.
According to the American
Chemistry Council's (Arlington,
Va.; www.americanchemistry.
com) most-recent weekly economic
report at CE press time, inflation
in the U.S. at the consumer level
"remains tame," but inflation pres
sures are building in China, Eu
rope and many emerging markets.
Also, industrial production gains
in overseas markets seem to be
moderating, the report adds.
Visit www.che.com/pci for his
4th
2009i
2011
20101

M a r.'l 1
Prelim.
_ 575.9
(1957-59= 100)
C f ln d e x
---------------
E q u ip m e n t
____
___
____
_______
Buildings
_
_
698.7
657.5
662.1
862.8
438.7
898.5
499.4
738.6
324.3
514.2
334.3
F e b .'ll
Final
574.6
M a r.'l 0
Final
541.8
696.6
654.4
653.5
868.3
440.8
892.6
498.0
732.1
326.2
509.9
334.9
645.5
592.5
614.0
801.7
421.0
903.4
472.1
665.6
328.2
504.3
341.8
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
LATEST
A p r.'l
87.3
M a r.'l
M a r.'l 1
2,068.5
Feb.'l
A p r.'l
75.2
M a r.'l
A p r.'l 1
322.7
M a r.'l
YEAR AGO
87.4
Feb.'l
86.6
Apr. 10
1,990.4
J a n .'l
85.1
1,989.2
Mar. 10
1,770.2
75.3
=
312.9
Feb.'l
74.6
Apr. 10
72.6
Feb.'l
304.2
Apr. 10
275.1
A p r.'l 1
89.7
M a r.'l
90.1
Feb.'l
89.5
Apr. 10
85.7
______ A p r.'l 1
155.3
M a r.'l
156.2
Feb.'l
154.2
Apr. 10
151.2
A p r.'l 1
111.8
M a r.'l
113.0
Feb.'l
112.9
Apr. 10
110.8
Industrial P roduction in M n n iifn n tu rin q ("9007=1 00")

P R E V IO U S
CPI o u tp u t in de x (9 0 0 7 = 1 00^
F M A M J
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
Is t Q
2011
4th Q
2010
3rd Q
2010
2 nd Q
2 010
Is tQ
2 010
1,490.2
1,476.7
1,473.3
1,461.3
1,448.3
1,549.8
1,537.0
1,534.4
1,522.1
1,510.3
C e m e n t _________________
1,546.6
1,532.5
1,530.0
1,519.2
1,508.1
C h e m ica ls ______________
1,519.8
1,507.3
1,505.2
1,493.5
1,481.8
C la y p r o d u c ts ___________
1,534.9
1,521.4
1,518.3
1,505.6
1,496.0
G lass ____________________
1,447.2
1,432.7
1,428.5
1,416.4
1,403.0
Paint ____________________
1,560.7
1,545.8
1,542.1
1,527.6
1,515.1
P a p e r ____________________
1,459.4
1,447.6
1,444.5
1,430.1
1,416.4
1,652.5
1,640.4
1,637.0
1,625.9
1,615.6
Rubber ____________
1,596.2
1,581.5
1,579.3
1,564.2
1,551.0
Electrical pow er _
1,461.2
1,434.9
1,419.2
1,414.0
1,389.6
1,599.7
1,579.4
1,576.7
1,569.1
1,552.1
1,827.8
1,809.3
1,804.8
1,786.9
1,772.2
S team pow er ___
1,523.0
1,506.4
1,502.3
1,488.0
1,475.0
M & S INDEX
--------
R elated industries
1500
1485
1470
1455
1440
1425
1410
1395
1380
1365
1350
1335
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
1320
2nd
3rd
Quarter
64
CHEMICAL ENGINEERING WWW.CHE.COM JUNE 2011

slightly from February to
March. But the year-on-year
margin narrowed slightly.
most-recent weekly economic re
port at CE press time (Arlington,
com), overall production rose
strongly in April with gains
centered in specialty chemicals,
plastics resins, synthetic rubber
and man-made fibers. The railcar-loadings data indicate that
this growth continued into May.
V isitwww.che.com/pci for
more and other tips on capital
4th
2009i
2011
20101

M a y .'l 1
Prelim.
_ 581.7
(1957-59= 100)
C f ln d e x
---------------
E q u ip m e n t
____
___
____
_______
Buildings
_
_
_
_
707.3
673.0
663.7
861.8
440.1
904.4
503.0
755.7
325.0
518.2
332.9
A p r.'l 1
Final
582.3
M a y .'l 0
Final
558.2
708.0
671.4
665.3
867.9
443.7
904.7
502.6
752.8
325.8
517.1
333.6
670.2
629.9
631.8
828.3
424.8
903.1
473.2
697.5
327.8
513.9
339.7
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
LATEST
J u n .'11
87.4
M a y.'11
M a v .'ll
2,072.3
A p r.'11
J u n .'11
75.4
M a y.'11
J u n .'11
342.6
M a y.'11
87.2
YEAR AGO
A p r.'l 1
M a r .'ll
87.4
J u n .'10
85.1
2,072.8
M a y.'l 0
1,711.0
2,072.8
75.1
A p r.'l 1
75.3
J u n .'10
72.8
336.0
A p r.'l 1
322.7
J u n .'10
264.1
J u n .'11
89.8
M a y.'11
89.7
A p r.'l 1
89.7
J u n .'10
86.6
______ J u n .'l 1
157.4
M a y.'11
157.0
A p r.'l 1
155.4
J u n .'10
153.6
J u n .'11
112.1
M a y.'11
110.9
A p r.'l 1
111.1
J u n .'10
112.2

P R E V IO U S
CPI o u tp u t in de x (9 0 0 7 = 1 00^
F M A M J
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
2nd Q
2011
Is tQ
2011
4th Q
2010
3rd Q
2 010
2ndQ
2 010
1,512.5
1,490.2
1,476.7
1,473.3
1,461.3
1,569.0
1,549.8
1,537.0
1,534.4
1,522.1
C e m e n t _________________
1,568.0
1,546.6
1,532.5
1,530.0
1,519.2
C h e m ica ls ______________
1,537.4
1,519.8
1,507.3
1,505.2
1,493.5
C la y p r o d u c ts ___________
1,557.5
1,534.9
1,521.4
1,518.3
1,505.6
G lass ____________________
1,469.2
1,447.2
1,432.7
1,428.5
1,416.4
Paint ____________________
1,584.1
1,560.7
1,545.8
1,542.1
1,527.6
P a p e r ____________________
1,480.7
1,459.4
1,447.6
1,444.5
1,430.1
1,672.0
1,652.5
1,640.4
1,637.0
1,625.9
Rubber ____________
1,617.4
1,596.2
1,581.5
1,579.3
1,564.2
Electrical pow er _
1,494.9
1,461.2
1,434.9
1,419.2
1,414.0
1,623.5
1,599.7
1,579.4
1,576.7
1,569.1
1,856.4
1,827.8
1,809.3
1,804.8
1,786.9
S team pow er ___
1,546.5
1,523.0
1,506.4
1,502.3
1,488.0
M & S INDEX
--------
R elated industries
1515
1500
1485
1470
1455
1440
1425
1410
1395
1380
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
2nd
3rd
Quarter
56

decreased approximately
0.10% on average from
A p ril to May, after increasing
approximately 1.14% from
March to A pril.
americanchemistry.com) mid
year economic report, total
output for the global chemical
industry is expected to grow
by 4.8% in 2 0 1 1,5 .3 % in
2012, and 4.7% in 2013.
and methodology.
4th
2009i
2011
20101

(1957-59= 100)
C f ln d e x
---------------
E q u ip m e n t
____
___
____
_______
Buildings
J une '11
Prelim.
588.9
_
_
_
_
_
_
_
_
M a y .'l
Final
581.9
718.1
678.1
664.5
904.8
440.9
904.7
510.8
760.7
325.4
519.0
332.6
J u n e '10
Final
556.4
707.5
673.0
663.7
861.8
441.8
905.4
503.0
755.7
325.2
518.6
332.9
Annual Index:
2003 = 402.0
668.1
628.7
632.1
818.5
419.4
898.4
482.2
697.5
326.7
509.4
339.1
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
Jul.'.'11
_____________________
Jun.'.'11
____________________________
LATEST
____________________
F M A M J
P R E V IO U S
87.7
J u n .'l
2,067.0
M a y.'l
Jul.'.'11
75.6
J u n .'l
__________
Jul.'.'11
338.0
J u n .'l
_________
87.4
=
2,065.1
75.3
342.6
M a y.'l 1
87.3
J u l.'10
85.1
2,072.8
J u n .'10
1,691.3
M a y.'l 1
75.3
J u l.'10
72.9
M a y.'l 1
336.0
J u l.'10
257.8
A p r .'ll
Jul.'.'11
90.6
J u n .'l
90.0
M a y.'l 1
89.9
J u l.'10
87.3
Hourly e a rn in g s in dex, c h e m ic a l & a llie d p ro d u cts (1992 = 100)
Jul.'.'11
158.8
J u n .'l
156.9
M a y.'l 1
157.0
J u l.'10
153.6
Jul.'.'11
112.3
J u n .'l
112.1
M a y.'l 1
111.0
Ju l.'10
111.8
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
2nd Q
2011
Is tQ
2011
4th Q
2010
3rd Q
2 010
2ndQ
2 010
1,512.5
1,490.2
1,476.7
1,473.3
1,461.3
1,569.0
1,549.8
1,537.0
1,534.4
1,522.1
C e m e n t _________________
1,568.0
1,546.6
1,532.5
1,530.0
1,519.2
C h e m ica ls ______________
1,537.4
1,519.8
1,507.3
1,505.2
1,493.5
C la y p r o d u c ts ___________
1,557.5
1,534.9
1,521.4
1,518.3
1,505.6
G lass ____________________
1,469.2
1,447.2
1,432.7
1,428.5
1,416.4
Paint ____________________
1,584.1
1,560.7
1,545.8
1,542.1
1,527.6
P a p e r ____________________
1,480.7
1,459.4
1,447.6
1,444.5
1,430.1
1,672.0
1,652.5
1,640.4
1,637.0
1,625.9
Rubber ____________
1,617.4
1,596.2
1,581.5
1,579.3
1,564.2
Electrical pow er _
1,494.9
1,461.2
1,434.9
1,419.2
1,414.0
1,623.5
1,599.7
1,579.4
1,576.7
1,569.1
1,856.4
1,827.8
1,809.3
1,804.8
1,786.9
S team pow er ___
1,546.5
1,523.0
1,506.4
1,502.3
1,488.0
M & S INDEX
--------
R elated industries
1515
1500
1485
1470
1455
1440
1425
1410
1395
1380
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
2nd
3rd
Quarter
72
CHEMICAL ENGINEERING WWW.CHE.COM SEPTEMBER 2011

approximately 1.2% on aver
age from M ay to June, after
decreasing approximately
0.10% from A p ril to May.
americanchemistry.com) lat
estweekly economic report,
overall production in the U.S.
chemical sector fell in July by
0.3%, to continue an uneven
pattern in 2011.
and methodology.
4th
2009i
2011
20101

(1957-59= 100)
C f ln d e x
---------------
E q u ip m e n t
____
___
____
_______
Buildings
F e b .'ll
Prelim.
_ 577.9
J a n .'11
Final
564.8
F eb.'10
Final
539.1
- 701.8
- 668.8
- 653.5
- 868.3
- 440.8
_ 892.6
- 498.0
- 732.1
- 325.0
- 509.9
_ 334.9
681.9
635.8
643.7
859.2
431.1
876.5
495.2
707.4
326.6
505.5
334.8
641.1
587.3
610.3
796.1
420.5
903.4
468.4
660.0
330.2
500.5
342.4
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8

LATEST
____________________
_____________________
88.1
Feb.'l
F e b .'ll
2,049.7
J a n .'l
M a r.'l 1
75.9
Feb.'l
M a r.'l 1
312.9
Feb.'l
_________
YEAR AGO
P R E V IO U S
M a r.'l 1
__________
____________________________
F M A M J
87.1
J a n .'l 1
2,046.4
D e c.'10
75.0
J a n .'l 1
75.1
M ar.'lO
72.0
304.2
J a n .'l 1
291.4
M ar.'lO
273.1
87.2
M ar.'lO
84.5
1,974.3
Feb.'l 0
1,789.6
M a r.'l 1
90.7
Feb.'l
90.1
J a n .'l 1
89.6
M ar.'lO
85.1
M a r.'l 1
157.4
Feb.'l
154.6
J a n .'l 1
156.4
M ar.'lO
150.0
M a r.'l 1
113.7
Feb.'l
113.4
J a n .'l 1
114.0
M ar.'lO
111.2
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
Is t Q
2011
4th Q
2010
3rd Q
2010
2 nd Q
2 010
Is tQ
2 010
1,490.2
1,476.7
1,473.3
1,461.3
1,448.3
1,549.8
1,537.0
1,534.4
1,522.1
1,510.3
C e m e n t _________________
1,546.6
1,532.5
1,530.0
1,519.2
1,508.1
C h e m ica ls ______________
1,519.8
1,507.3
1,505.2
1,493.5
1,481.8
C la y p r o d u c ts ___________
1,534.9
1,521.4
1,518.3
1,505.6
1,496.0
G lass ____________________
1,447.2
1,432.7
1,428.5
1,416.4
1,403.0
Paint ____________________
1,560.7
1,545.8
1,542.1
1,527.6
1,515.1
P a p e r ____________________
1,459.4
1,447.6
1,444.5
1,430.1
1,416.4
1,652.5
1,640.4
1,637.0
1,625.9
1,615.6
Rubber ____________
1,596.2
1,581.5
1,579.3
1,564.2
1,551.0
Electrical pow er _
1,461.2
1,434.9
1,419.2
1,414.0
1,389.6
1,599.7
1,579.4
1,576.7
1,569.1
1,552.1
1,827.8
1,809.3
1,804.8
1,786.9
1,772.2
S team pow er ___
1,523.0
1,506.4
1,502.3
1,488.0
1,475.0
M & S INDEX
--------
R elated industries
1500
1485
1470
1455
1440
1425
1410
1395
1380
1365
1350
1335
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
1320
2nd
3rd
Quarter
80
CHEMICAL ENGINEERING WWW.CHE.COM MAY 2011
re you still accessing the

CEPCI numbers the slow way,
shuffling back through library
archives for the old reference
values?
CE's Online CEPCI provides an
easy way around such hassles,
granting access to the entire
CEPCI database, including all
annual archives (1947 to pres
ent) and monthly data archives
(1 970 to present). And, instead
of waiting more than two weeks
for the print or digital editions
of the magazine to arrive, sub
scribers to the Online CEPCI can
access new data as soon as it is
calculated.
more and other tips on capital
4th
2009
2010
20081

S ept.'lO
Prelim.
_ 552.5
(1957-59= 100)
C f ln d e x
---------------
_
_
_
_
_
_
_
_
_
E q u ip m e n t
____
___
_______
B uildings
_______________
A u g .'10
Final
549.5
S ep t.'09
Final
525.7
Annual Index:
657.3
605.8
621.7
827.1
416.9
902.5
482.7
675.6
330.0
503.0
337.9
621.5
563.4
604.0
768.3
409.7
895.9
464.7
632.5
327.5
493.2
345.4
2003 = 402.0
662.4
611.8
625.3
834.1
422.0
902.9
482.5
680.9
329.0
502.5
337.3
2002 = 395.6
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
LATEST
F M A M J
YEAR AGO
P R E V IO U S
____________________
O c t.'10
89.1
S ep.'10
88.9
A u g .'10
88.4
O c t.'09
85.0
_____________________
S ep.'10
1,792.0
A u g .'10
1,773.0
Ju l.'10
1,754.4
Sep.'09
1,639.5
____________________________

O c t.'10
72.0
S ep.'10
71.8
A u g .'10
71.4
O c t.'09
67.9
__________
O c t.'10
267.6
S ep.'10
264.1
A u g .'10
260.3
O c t.'09
243.2
_________
O c t.'10
91.3
S ep.'10
90.8
A u g .'10
90.7
O c t.'09
86.0
O c t.'10
157.6
S ep.'10
159.3
A u g .'10
158.4
O c t.'09
150.4
O c t.'10
120.9
S ep.'10
121.4
A u g .'10
119.8
O c t.'09
120.0
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
2010
2010
2010
4th Q
2 00 9
1.473.3
1,461.3
1.448.3
1.446.5
1.446.4
1.534.4
1,522.1
1.510.3
1,511.9
1.515.1
C e m e n t _________________
1.530.0
1,519.2
1,508.1
1.508.2
1.509.7
C h e m ica ls ______________
1.505.2
1,493.5
1,481.8
1.483.1
1.485.8
C la y p r o d u c ts ___________
1.518.3
1,505.6
1.496.0
1.494.3
1.495.8
G lass ____________________
1.428.5
1,416.4
1.403.0
1.400.1
1.400.4
Paint ____________________
1.542.1
1,527.6
1.515.1
1.514.1
1.515.1
P a p e r ____________________
1.444.5
1,430.1
1.416.4
1.415.8
1,416.3
1,637.0
1,625.9
1.615.6
1.617.6
1.625.2
Rubber ____________
1.579.3
1,564.2
1.551.0
1.560.5
1.560.7
Electrical pow er _
1.419.2
1.414.0
1.389.6
1.377.3
1.370.8
1.576.7
1.569.1
1.552.1
1.548.1
1,547.6
1.804.8
1,786.9
1.772.2
1.769.5
1.767.3
S team pow er ___
1.502.3
1,488.0
1,475.0
1.470.8
1.471.4
M & S INDEX
--------------
3rd Q
2nd Q
Is t Q
3rd Q
2 00 9
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2002 = 1,1 0 4 .2
2004 = 1 ,1 7 8 .5
2006 = 1 ,3 0 2 .3
2008 = 1,4 4 9.3
2003 = 1,1 2 3 .6
2005 = 1 ,2 4 4 .5
2007 = 1 ,3 7 3 .3
2009 = 1,4 6 8.6
2nd
3rd
Quarter
60
CHEMICAL ENGINEERING WWW.CHE.COM DECEMBER 2010

Index) increased from August to
September, throwing yet another
curve into an already atypical
year. Typically, capital equipment
prices escalate from January to
around August or September
and then decline through the end
of the year. In 2010, however,
equipment prices peaked in May,
declined through August, and
then switched directions again
in September. Meanwhile, pre
lim inary data suggests that the
CEPCI increased again in Octo
ber (official data will be released
in the January issue).
methodology.
201
201
2012

S ep t.'12
Prelim.
A u g .'12
S e p t.'l 1
__________
577.4
576.6
596.0
_______________
700.8
700.1
727.6
2004 = 444.2
(1957-59= 100)
C f In d e x
E qu ip m e nt
Annual
In d e x :
H eat e x c h a n g e rs & ta n k s _
643.9
641.6
692.4
2005 = 468.2
_____
662.3
663.3
677.4
2006 = 499.6
____
895.7
899.2
912.6
2007 = 525.4
____
424.0
420.1
439.4
__
929.0
929.0
909.9
___
510.6
511.3
510.1

Buildings
______
________________
Engineering & supervision
2009 = 521.9
742.3
741.2
772.5
324.8
323.6
330.7
527.2
524.5
520.4
328.7
328.6
330.9
2008 = 575.4
2010 = 550.8
2011 = 5 8 5 .7
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (9 0 0 7 = 1 00^
O c t.'l ?
86.9
S ep.'12
87.3
A u g .'12
87.5
O c t.'l
S e p .'l ?
2,207.8
A u g .'12
2,175.3
Ju l.'12
2,108.8
S ep.'l
O c t.'l?
75.0
S ep.'12
75.3
A u g .'12
75.5
O c t.'l
75.9
O c t.'l?
299.7
S ep.'12
300.1
A u g .'12
292.9
O c t.'l
325.2
Industrial P roduction in M a n u fa c tu rin a ('2007=100'

2,137.7
O c t.'l?
93.0
S ep.'12
93.8
A u g .'12
93.7
O c t.'l
91.5
______ O c t.'l 2
157.6
S ep.'12
158.3
A u g .'12
157.7
O c t.'l
156.8
O c t.'l?
103.1
S ep.'12
103.2
A u g .'12
102.8
O c t.'l
105.9
87.9
=
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS
apital equipment prices, as reflected in the CE Plant Cost Index
7.84% decrease in the producer prices, industrial chemicals.
(CEPCI; top), dropped 3.12% from August to September (the
According to the American Chemistry Council's (ACC; Wash
most recent data). Meanwhile, the Current Business Indicators
ington, D.C.; www.americanchemistry.com) latest weekly eco
from IHS Global Insight (middle), show less than a 0.5% decrease
nomic report at CE press time, The Organization for Economic
in the operating rate and output index, from August to Septem
Co-operation and Development (OECD) composite leading indi
ber. At the same time there was a 1.49% increase in the value of
cator (CLI) for September points to weak growth in many major
output over the same time period, and a 0.1 3% average decrease
economies, but signs of stabilization are emerging in Canada,
in the producer prices, industrial chemicals. Year over year, there
China and the U.S.
is a 1.17% decrease in the output index, a 3.28% increase in the

value of output, a 1.23% decrease in the operating rate and a
64
For more on capital cost trends and historical CEPCI data, visit:
www.che.com/pci
2009i
2011
20101

S e p t.'l 1
Prelim.
_ 596.0
(1957-59= 100)
C f ln d e x
-------------
E q u ip m e n t
-------------------H e at e xch a n g e rs & ta n ks
__
_
__
_____
Buildings
_
_
_
_
_
_
_
_
_
A u g .'l 1
Final
596.1
S e p t.'10
Final
552.5
727.5
691.9
674.5
909.6
441.9
909.9
512.6
775.7
330.7
521.1
331.9
662.4
611.8
625.3
834.1
422.0
902.9
482.5
680.9
329.0
502.5
337.3
727.6
692.4
677.4
912.6
439.7
909.9
510.1
772.5
330.4
520.2
330.9
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
LATEST
O c t.'l 1
87.3
S ep.'l
S e p .'l 1
2,106.9
A u g .'l
O c t.'l 1
75.4
S ep.'l
O c t.'l 1
331.0
S ep.'l
87.4
A u g .'l
2,075.1
Ju l.'l
75.4
=
338.7
YEAR AGO
87.2
O c t.'l 0
85.1
2,083.1
S ep .'l 0
1,764.9
A u g .'l
75.2
O c t.'l 0
73.1
A u g .'l
336.5
O c t.'l 0
268.6
O c t.'l 1
91.3
S ep.'l
90.9
A u g .'l
90.6
O c t.'l 0
87.7
______ O c t.'l 1
156.5
S ep.'l
157.2
A u g .'l
156.9
O c t.'l 0
157.2
O c t.'l 1
108.7
S ep.'l
109.1
A u g .'l
109.7
O c t.'l 0
111.2
Industrial P roduction in M n n u fn n tu rin q ("9007=1 00")

P R E V IO U S
CPI o u tp u t in de x (9007 = 1 00^
F M A M J
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
3rd Q
2011
2nd Q
2011
Is t Q
2011
4th Q
2 010
3rd Q
2 010
1,533.3
1,512.5
1,490.2
1,476.7
1,473.3
1,592.5
1,569.0
1,549.8
1,537.0
1,534.4
C e m e n t _________________
1,589.3
1,568.0
1,546.6
1,532.5
1,530.0
C h e m ica ls ______________
1,559.8
1,537.4
1,519.8
1,507.3
1,505.2
C la y p r o d u c ts ___________
1,579.2
1,557.5
1,534.9
1,521.4
1,518.3
G lass ____________________
1,491.1
1,469.2
1,447.2
1,432.7
1,428.5
Paint ____________________
1,608.7
1,584.1
1,560.7
1,545.8
1,542.1
P a p e r ____________________
1,502.4
1,480.7
1,459.4
1,447.6
1,444.5
1,698.7
1,672.0
1,652.5
1,640.4
1,637.0
Rubber ____________
1,641.4
1,617.4
1,596.2
1,581.5
1,579.3
Electrical pow er _
1,517.6
1,494.9
1,461.2
1,434.9
1,419.2
1,648.6
1,623.5
1,599.7
1,579.4
1,576.7
1,884.4
1,856.4
1,827.8
1,809.3
1,804.8
S team pow er ___
1,572.2
1,546.5
1,523.0
1,506.4
1,502.3
M & S INDEX
--------
R elated industries
1545
1530
1515
1500
1485
1470
1455
1440
1425
1410
1395
1380
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
1365
2nd
3rd
Quarter
64

decreased slightly from A u
gust to September, the first
decrease since May of this
year and only the second
decrease in a year. Typically,
the CEPCI increases over the
first half of a year, peaking
in mid-late summer, and then
decreases through year end.
The atypical performance
is a continuation of the
economic recovery from the
2008-2009 recession.
and methodology.
4th
2009i
2011
20101

(1957-59= 100)
C f ln d e x
---------------
E q u ip m e n t
____
___
____
_______
Buildings
Nov.'11
Prelim.
_ 590.8
O c t.'11
Final
594.0
N ov.'lO
Final
556.7
- 721.0
- 686.6
- 674.0
- 899.3
- 428.0
_ 910.4
- 510.6
- 767.5
- 326.9
- 518.5
_ 330.4
724.7
691.5
674.9
906.3
432.5
911.5
508.8
769.8
330.0
521.2
330.4
669.0
618.3
627.0
847.0
426.1
904.0
487.1
688.2
328.8
501.4
336.1
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
88.6
Nov.'11
_____________________
. N ov.'l 1
2,110.9
O c t.'11
____________________________
P R E V IO U S
D e c .'l 1
LATEST
____________________
F M A M J
. D e c .'l 1
76.6
Nov.'11
__________
. D e c .'l 1
309.6
Nov.'11
_________
87.7
O c t.'l
2,095.8
S ep.'l
87.9
D e c .'l 0
87.1
2,102.2
Nov.'lO
1,843.8
75.8
=
320.2
O c t.'l
75.9
D e c .'l 0
74.9
O c t.'l
331.0
D e c .'l 0
285.5
. D e c .'l 1
92.1
Nov.'11
91.3
O c t.'l
91.6
D e c .'l 0
88.8
. D e c .'l 1
164.8
Nov.'11
156.7
O c t.'l
157.2
D e c .'l 0
154.9
. D e c .'l 1
111.0
Nov.'11
111.0
O c t.'l
109.8
D e c .'l 0
113.7
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
4th Q
2011
3 rd Q
2011
2nd Q
2011
Is tQ
2011
4th Q
2 010
1,536.5
1,533.3
1,512.5
1,490.2
1,476.7
1,597.7
1,592.5
1,569.0
1,549.8
1,537.0
C e m e n t _________________
1,596.7
1,589.3
1,568.0
1,546.6
1,532.5
C h e m ica ls ______________
1,565.0
1,559.8
1,537.4
1,519.8
1,507.3
C la y p r o d u c ts ___________
1,583.6
1,579.2
1,557.5
1,534.9
1,521.4
G lass ____________________
1,495.7
1,491.1
1,469.2
1,447.2
1,432.7
M & S INDEX
--------
Paint ____________________
1,613.6
1,608.7
1,584.1
1,560.7
1,545.8
P a p e r ____________________
1,507.6
1,502.4
1,480.7
1,459.4
1,447.6
1,704.9
1,698.7
1,672.0
1,652.5
1,640.4
Rubber ____________
1,644.2
1,641.4
1,617.4
1,596.2
1,581.5
Electrical pow er _
1,515.0
1,517.6
1,494.9
1,461.2
1,434.9
1,659.6
1,648.6
1,623.5
1,599.7
1,579.4
1,889.4
1,884.4
1,856.4
1,827.8
1,809.3
S team pow er ___
1,574.3
1,572.2
1,546.5
1,523.0
1,506.4
R elated industries
1545
1515
1500
1485
1470
1455
1440
1425
1410
1395
1380
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
1365
2nd
3rd
Quarter
52
CHEMICAL ENGINEERING WWW.CHE.COM FEBRUARY 2012

decreased 0.53% from
October to November. De
creases are typical during
the third quarter.
Meanwhile, the CPI O p
erating Rate, as reported
from IHS Global Insight,
increased 0.8% from N o
vember to December. The
CPI Output Index increased
from 87.7 to 88.6 (where
2007=100).
Visitwww.che.com/pci for
tips on capital cost trends and
methodology.
1530
4th
2009
2010
20081

Nov.110
Prelim.
_ 556.8
(1957-59= 100)
C f ln d e x
---------------
_
_
_
_
E q u ip m e n t
____
___
_______
B uildings
_______________
O c t.'10
Final
556.3
N ov.'09
Final
523.6
Annual Index:
667.5
617.8
627.0
840.2
426.0
902.5
484.7
689.6
331.0
503.3
336.6
618.0
556.1
601.1
768.2
413.5
895.2
465.9
624.2
329.6
493.0
343.8
2003 = 402.0
669.0
618.3
626.8
847.0
426.4
904.0
487.1
688.2
329.1
501.3
336.1
2002 = 395.6
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
LATEST
F M A M J
P R E V IO U S
____________________
D e c.'10
90.8
Nov.'10
90.0
O c t.'10
89.0
D e c.'09
86.9
_____________________
. Nov.'10
,874.7
O c t.'10
1,836.7
Sep.'10
1,802.8
Nov.'09
1,730.5
____________________________

. D e c.'10
73.6
Nov.'10
72.8
O c t.'lO
71.9
D e c.'09
69.6
__________
. D e c.'10
282.8
Nov.'10
276.0
O c t.'lO
267.6
D e c.'09
254.6
_________
. D e c.'10
92.0
Nov.'10
91.6
O c t.'lO
91.4
D e c.'09
86.9
. D e c.'10
154.7
Nov.'10
155.2
O c t.'lO
157.2
D e c.'09
150.9
. D e c.'10
125.4
Nov.'10
123.7
O c t.'lO
122.4
D e c.'09
118.2
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
2010
2010
2010
2010
4th Q
2 00 9
1.476.7
1,473.3
1.461.3
1.448.3
1.446.5
1,537.0
1,534.4
1.522.1
1.510.3
1,511.9
C e m e n t _________________
1.532.5
1,530.0
1.519.2
1,508.1
1.508.2
C h e m ica ls ______________
1.507.3
1,505.2
1.493.5
1,481.8
1.483.1
C la y p r o d u c ts ___________
1.521.4
1,518.3
1.505.6
1.496.0
1.494.3
G lass ____________________
1.432.7
1,428.5
1.416.4
1.403.0
1.400.1
Paint ____________________
1.545.8
1,542.1
1.527.6
1.515.1
1.514.1
P a p e r ____________________
1.447.6
1,444.5
1.430.1
1.416.4
1.415.8
1.640.4
1,637.0
1.625.9
1.615.6
1.617.6
Rubber ____________
1.581.5
1,579.3
1.564.2
1.551.0
1.560.5
Electrical pow er _
1,434.9
1.419.2
1.414.0
1.389.6
1.377.3
1,579.4
1.576.7
1.569.1
1.552.1
1.548.1
1.809.3
1.804.8
1.786.9
1.772.2
1.769.5
S team pow er ___
1.506.4
1.502.3
1,488.0
1,475.0
1.470.8
M & S INDEX
--------------
4th Q
3rd Q
2nd Q
Is tQ
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
2nd
3rd
Quarter
56

Index) increased from October to
November. Meanwhile, Global
Insight's CPI output index, CPI
value of output and CPI operating
rate all increased in November
and December.
com) most-recent weekly economic
report at CE press time, U.S.
chemical production rose 0.5% in
December, following a 0.6% gain
in November, while global chemi
cal industry production continued
to expand by 0.5%.
20101
2012i
20111

Annual
N o v /1 2
Prelim.
O c t .'12
Final
N o v /1 1
Final
In d e x :
C f In d e x ___________
570.8
575.4
590.8
2004 = 444.2
E q u ip m e n t ________________
691.7
698.2
721.0
H e at e xch a n g e rs & tanks _
634.0
638.5
686.7
Process m a c h in e ry ______
656.7
658.4
674.1
2006 = 499.6
Pipe, valves & fittings _____
890.4
899.4
899.3
2007 = 525.4
Process instrum ents _____
420.9
424.4
428.0
Pum ps & com pressors ___
895.8
929.0
910.4
E lectrical e q u ip m e n t ____
511.2
512.2
510.6
S tructural supp orts & m isc .
726.0
734.2
767.5
C o n stru ctio n la b o r ------------
322.2
323.7
326.6
B uildings ----------------------------
524.3
525.4
519.0
E ngineering & supervision -
328.2
327.9
330.4
( 1957 -5 9 = 100 )

CPI o u tp u t in de x (2 0 0 7
2005 = 468.2
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
LATEST
YEAR AGO
P R E V IO U S
D e c /1 2
89.0
N o v/12
88.0
O c t/1 2
87.3
D ec/11
89.412
N o v/1 2
2,191.4
O c t/1 2
2,208.7
S e p /1 2
2,203.2
N o v /11
2,140.28
D e c /1 2
76.7
N o v/12
75.9
O c t/1 2
75.4
D ec/11
77.222
P roducer p rice s.ind u stria l c h e m ic a ls H 98? = 10CT

Industrial P roduction in M a n u fa n tu rin q ("9007=1 00")
D e c /1 ?
Dfto'l?
=
=
300.2
N o v/12
297.3
O c t/1 2
299.7
D ec/11
95.1
N o v/12
94.3
O c t/1 2
93.1
D ec/11
92.8613
157.5
104.9
N o v/12
N o v/12
=
=
157.3
104.6
O c t/1 2
O c t/1 2
=
=
157.3
103.2
D ec/11
D ec/11
=
=
158.521
108.415
100')
F M A M J

CPI OUTPUT INDEX
______ D e c /1 2
Dp t ' I ?
(2 0 0 7 = 100)
304.4
2500
2200
1900
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
Equipment Cost Index Available j |

CURRENT TRENDS
;e
.:
||
|f
|V

64
reliminary data from the CE

Plant Cost Index (CEPCI; top)
for November 2012 (the most
recent available) indicate that
capital equipment prices dropped
0.79% from October to Novem
ber. The current-year plant cost
index is 3.4% lower than it was
in November of the previous year
(2011). Within the CEPCI, the
preliminary November numbers
indicate that all equipment-class
subgroups, as well as construction
labor and buildings, are down
from the October values, while
the engineering and supervision
index rose slightly. Meanwhile,
the Current Business Indicators
from IHS Global Insight (middle),
show a 1.1 % increase in the latest
CPI output index from November
to December 201 2.
2009
2010
20081

O c t.'10
Prelim.
_ 556.2
(1957-59= 100)
C f ln d e x
---------------
_
_
_
_
E q u ip m e n t
____
___
_______
B uildings
_______________
S ep t.'10
Final
552.5
O c t.'09
Final
527.9
Annual Index:
662.3
611.8
625.1
834.1
422.0
902.9
482.5
680.9
328.9
502.4
337.3
623.6
567.0
605.5
768.9
409.8
896.3
464.2
636.5
331.7
495.4
344.6
2003 = 402.0
667.5
617.8
627.0
840.2
426.0
902.5
484.7
689.6
330.6
503.2
336.6
2002 = 395.6
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
LATEST
F M A M J
P R E V IO U S
____________________
Nov.'10
89.8
O c t.'10
88.9
S ep t.'10
89.2
Nov.'09
86.9
_____________________
O c t.'10
,837.3
S ept.'10
1,802.8
A u g .'10
1,773.0
O c t.'09
1,681.7
____________________________

Nov.'10
72.6
O c t.'10
71.8
S e p t.'l 0
72.1
Nov.'09
69.5
__________
Nov.'10
276.0
O c t.'10
267.6
S e p t.'l 0
264.1
Nov.'09
247.0
_________
Nov.'10
91.5
O c t.'10
91.2
S e p t.'l 0
90.9
Nov.'09
86.8
Nov.'10
154.7
O c t.'10
157.3
S e p t.'l 0
159.2
Nov.'09
150.4
Nov.'10
124.0
O c t.'10
122.2
S e p t.'l 0
122.9
Nov.'09
119.6
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
2010
2010
2010
2010
4th Q
2 00 9
1.476.7
1,473.3
1.461.3
1.448.3
1.446.5
1,537.0
1,534.4
1.522.1
1.510.3
1,511.9
C e m e n t _________________
1.532.5
1,530.0
1.519.2
1,508.1
1.508.2
C h e m ica ls ______________
1.507.3
1,505.2
1.493.5
1,481.8
1.483.1
C la y p r o d u c ts ___________
1.521.4
1,518.3
1.505.6
1.496.0
1.494.3
G lass ____________________
1.432.7
1,428.5
1.416.4
1.403.0
1.400.1
Paint ____________________
1.545.8
1,542.1
1.527.6
1.515.1
1.514.1
P a p e r ____________________
1.447.6
1,444.5
1.430.1
1.416.4
1.415.8
1.640.4
1,637.0
1.625.9
1.615.6
1.617.6
Rubber ____________
1.581.5
1,579.3
1.564.2
1.551.0
1.560.5
Electrical pow er _
1,434.9
1.419.2
1.414.0
1.389.6
1.377.3
1,579.4
1.576.7
1.569.1
1.552.1
1.548.1
1.809.3
1.804.8
1.786.9
1.772.2
1.769.5
S team pow er ___
1.506.4
1.502.3
1,488.0
1,475.0
1.470.8
M & S INDEX
--------------
4th Q
3rd Q
2nd Q
Is tQ
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
2nd
3rd
Quarter
60
CHEMICAL ENGINEERING WWW.CHE.COM JANUARY 2011

Index) increased from September
to October. Meanwhile, Global In
sight's CPI output index, CPI value
of output and CPI operating rate
all increased in November.
com) most-recent weekly eco
nomic report at CE press time,
economic data being released
"suggests that the soft patch is
over," and points specifically to
"strong gains in inorganic bulk
petrochemicals and organic inter
mediates, and plastic resins."
2009i
2011
20101

O c t .'l l
Prelim.
_ 594.0
(1957-59= 100)
C f ln d e x
-------------
E q u ip m e n t
__
_
__
_____
Buildings
_
_
S e p t.'l 1
Final
596.0
O c t.'10
Final
556.3
727.6
692.4
677.4
912.6
439.4
909.9
510.1
772.5
330.7
520.4
330.9
667.5
617.8
627.0
840.2
426.0
902.5
484.7
689.6
331.0
503.3
336.6
724.7
691.5
674.9
906.3
432.5
911.5
508.8
769.8
329.7
521.2
330.4
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
LATEST
=
87.7
O c t.'l
O c t . 'l l
2,094.8
S ep.'l
N ov.'l 1
75.9
O c t.'l
Producer p rin ts, industrial c h e m ic a ls (1 98? = 100")
N ov.'l 1
320.2
O c t.'l
1 00^
87.8
S ep.'l
2,102.2
A u g .'l
75.9
=
331.0
YEAR AGO
88.0
N ov.'l 0
85.7
2,075.1
O c t.'l 0
1,797.2
S ep.'l
76.0
N ov.'l 0
73.7
S ep.'l
338.7
N ov.'l 0
278.2
N ov.'l 1
91.2
O c t.'l
91.6
S ep.'l
91.1
N ov.'l 0
87.9
156.4
O c t.'l
157.0
S ep.'l
157.2
N ov.'l 0
154.9
N ov.'l 1
111.4
O c t.'l
109.7
S ep.'l
111.0
N ov.'l 0
111.4
______ N ov.'l 1

P R E V IO U S
N ov.'l 1
CPI o u tp u t in de x (9 0 0 7
F M A M J
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
4th Q
2011
3 rd Q
2011
2nd Q
2011
Is tQ
2011
4th Q
2 010
1,536.5
1,533.3
1,512.5
1,490.2
1,476.7
1,597.7
1,592.5
1,569.0
1,549.8
1,537.0
C e m e n t _________________
1,596.7
1,589.3
1,568.0
1,546.6
1,532.5
C h e m ica ls ______________
1,565.0
1,559.8
1,537.4
1,519.8
1,507.3
C la y p r o d u c ts ___________
1,583.6
1,579.2
1,557.5
1,534.9
1,521.4
G lass ____________________
1,495.7
1,491.1
1,469.2
1,447.2
1,432.7
M & S INDEX
--------
Paint ____________________
1,613.6
1,608.7
1,584.1
1,560.7
1,545.8
P a p e r ____________________
1,507.6
1,502.4
1,480.7
1,459.4
1,447.6
1,704.9
1,698.7
1,672.0
1,652.5
1,640.4
Rubber ____________
1,644.2
1,641.4
1,617.4
1,596.2
1,581.5
Electrical pow er _
1,515.0
1,517.6
1,494.9
1,461.2
1,434.9
1,659.6
1,648.6
1,623.5
1,599.7
1,579.4
1,889.4
1,884.4
1,856.4
1,827.8
1,809.3
S team pow er ___
1,574.3
1,572.2
1,546.5
1,523.0
1,506.4
R elated industries
1545
1515
1500
1485
1470
1455
1440
1425
1410
1395
1380
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
1365
2nd
3rd
Quarter
56

decreased 0.35% from Sep
tember to October, follow
ing a very slight decrease
the previous month and
escalation in all but one of
the previous twelve months.
Meanwhile, the Marshall &
Swift Equipment Cost Index
(left) shows a slight increase
in the 4th Q.
See p. 5 for a summary
of economists' forecasts for
2012 and visit www.che.
com/pci for more information
and other tips on capital cost
trends and methodology.
1530
4th
I E cono m ic In d ic a to rs
201
201
2012

(1957-59 = 100)
C f In d e x
__________
O c t.'12
Prelim.
S ept.'12
Final
O c t .'l l
Final
575.4
577.4
594.0
Annual
In d e x :
_ 698.2
700.7
724.7
2004 = 444.
_638.5
643.9
691.5
2005 = 468.
_____
_ 658.3
662.2
674.9
2006 = 499.
____
_ 899.4
895.7
906.3
2007 = 525.
____
_424.3
424.1
432.5
Pumps & com pressors
__
_ 929.0
929.0
911.5
___
_51 2.2
510.6
508.8
E q u ip m e n t
_______________

Buildings
______
________________
_734.2
742.3
769.8
_ 324.0
324.9
330.0
_525.6
527.3
521.2
_ 328.1
328.5
330.4

CPI o u tp u t in de x ( 7 0 0 7
2008 = 575.
2009 = 521.
2010 = 550.
2011 =585.
LATEST
1 0m
CPI v a lu e of o u tp u t. $ billions
YEAR AG O
PREVIOUS
Nov.'12
87.7
O c t.'l 2
87.1
S ep.'12
87.3
Nov.'11
87.731
O c t.'12
2,226.7
Sep.'12
2,203.2
A u g .'12
2,175.3
O c t . 'll
2,126.63
75.702
91.5071
CPI o p e ra tin a rate.%
Nov.'12
75.7
O c t.'l 2
75.2
S ep.'12
75.3
Nov.'11
P roducer prices, in dustrial ch e m ic a ls H 98? = 1 OO'i
Nov.'12
297.3
O c t.'l 2
299.7
S ep.'12
300.1
Nov.'11
Industrial P roduction in M a n u fa c tu rin a ('2007=1 OO'i
Nov.'12
94.0
O c t.'l 2
92.9
S ep.'12
93.8
Nov.'11
______ Nov.'12
157.6
O c t.'l 2
157.6
S ep.'12
158.6
Nov.'11
155.674
Nov.'12
105.4
O c t.'l 2
103.3
S ep.'12
103.6
Nov.'11
106.597
Hourly e a rnin g s in dex, c h e m ic a l & allie d p ro d u cts (1992 = 100)

315.6
2500
2200
1900
1600
1300
70
1000
J F M A M J J A S O N D
C urre n t Business Indicators p ro vide d by IH SG Iobal Insight, Inc., Lexington, Mass.
F M A M J
J A S O N D
CURRENT TRENDS
reliminary data from the CE Plant Cost Index (CEPCI; top)
64
compared to a year ago. The construction labor and engineer
for October 2012 (the most recent available) indicate that
ing and supervision indexes also dropped compared to a year
capital equipment prices dropped 0.35% from September
ago, while the buildings index edged higher compared to the
to October. The current-year plant cost index is 3.2% lower
same time in 2011. Meanwhile, the Current Business Indica
than it was in October of the previous year (2011). W ithin the
tors from IHS Global Insight (middle), show a slight increase
CEPCI, most of the equipment-class subgroups were down from
in the CPI output index from October to November 201 2, and
a year prior including: heat exchangers and tanks; process
a 1.1 % increase in the CPI value of output over the same time
machinery; pipes, valves and fittings; process instruments;
period. Industrial chemical producer prices are down 0.81%
and structural supports and miscellanous equipment. Pumps
from October to November 201 2, and down 6.1 % compared
and compressors and electrical equipment show higher values
to November a year ago.
2011
2012
2013

O ct. '1 3
Prelim.
Sept. '1 3
Final
O ct. '1 2
Final
__________
567.7
567.3
575.4
________________
(1 9 5 7 -5 9 = 100)
CE Index
650
Annual
In d e x :
686.6
686.2
698.2
2 0 0 6 = 4 9 9 .6
620.0
618.3
638.5
2 0 0 7 = 5 2 5 .4
______
655.8
654.7
658.4
Pipes, valves & fittings ____

874.5
411.9
875.3
411.2
899.4
424.4
924.7
924.3
929.0
513.8
513.7
512.2
744.1
747.1
734.2
_______
322.2
321.7
323.7
B uildings ________________
533.9
325.6
533.4
324.6
525.4
327.9
E q u ip m e n t
Electrical e q u ip m e n t
___
___
Structural supp orts & m isc

CURRENT BUSINESS INDICATORS*
600
2 0 0 5 = 4 6 8 .2
550
2 0 0 8 = 5 7 5 .4
500
2009 = 5 2 1 .9
2010 = 5 5 0 .8
450
2011 = 5 8 5 .7
2 0 1 2 = 5 8 4 .6
400
LATEST
in iiM iiin iiM iin iiM iin in iiM iiin iH h

J
F M A M J
J A S O N D
PREVIOUS
CPI o u tp u t in d e x (2007 = 100)
Nov. '13
89.2
O ct. '13
88.7
Sep. '13
88.2
Nov.'12
87.4
CPI v a lu e o f o u tp u t, $ billions
O ct. '13
Nov. '13
=
=
2,145.1
75.3
Sep. '13
O ct. '13
=
=
2,152.1
74.9
Aug. '13
Sep. '13
=
=
2,164.9
74.5
O ct.'12
Nov.'12
=
=
2,194.4
74.3
P rodu cer prices, in du stria l c h e m ic a ls (1982 = 100)
Nov '13
Nov '13
=
=
291.5
296.3
299.9
296.5
97.2
O ct. '13
96.6
Sep. '13
96.1
Nov.'12
94.5
______ Nov. '13

Nov '13
=
=
156.5
O ct. '13
156.6
Sep. '13
156.6
Nov.'12
153.9
107.3
O ct. '13
107.1
Sep. '13
105.9
Nov.'12
105.2
Industrial P ro du ction in M a n u fa c tu rin g (2007 = 100)

Hourly e arnin g s index, c h e m ic a l & a llie d p ro d u c ts (1992 = 100)
P roductivity in de x c h e m ic a ls & a llie d p ro d u c ts (1992 = 100)
O ct. '13
CPI OUTPUT VALUE ($ BILLIONS)
Sep. '13
Nov.'12
2500
85
2200
80
75
90
70
80
65
70
60
F M A M J
J A S O N D
*C u rre n t Business Indica tors p ro v id e d b y IHS G lo b a l Insight, Inc., Lexington, Mass.
HIGHLIGHTS FROM ACC'S YEAR-END ECONOMIC REPORT
CURRENT TRENDS
evenues from sales of chemicals in the U.S. are projected to top $1 trillion by 2018, according to
economic analyses conducted by the American Chemistry Council (Washington, D.C.; www.americanchemistry.com) and discussed in its Chemical Industry and Outlook report for the end of 2013.
"The consensus is that U.S. chemical output will improve during 2014 and into 2015," the report
states. Projections for gains in chemical production are 2.5% for 2014 and 3.5% for 2015, after
smaller gains of 0.1% and 1.6% in 2012 and 2013, respectively. Strong growth is expected for plastic
resins and organic chemicals, with growth helped by reviving export markets, ACC says.
"Looking ahead to 2015 and beyond, significant shale-driven chemical capacity will start to come
online and generate faster growth, especially along the Gulf Coast," ACC says.
Aside from chemical production, 2013 also saw expansion of employment in the chemical indus
try, by 1.3%. Continued addition of jobs is expected in the industry through 2018, the report says.
The ACC report also examined chemical production globally. Overall, worldwide production
likely advanced only 2.4% in 2013, held back by recession conditions in Europe and slowdowns in
China and other East Asian nations, the ACC report says, a growth rate that is lower than those for
2012 and 2011. However, the ACC analysis predicts that global chemical production growth will
improve to 3.8% in 2014 and 4.1% in 2015.
Low-cost feedstock and energy afforded by the availability of shale gas portend plant and equipment
investment in the U.S. "The United States is being favorably re-evaluated as an investment location,"
the ACC report says, and "petrochemical producers are announcing significant expansions of capacity
in the U.S., reversing a decade-long decline." Through early December 2013, over 135 new chemical
production projects, valued at $90 billion, have been announced, according to ACC estimates.
R&D spending by U.S. chemical companies likely increased 0.5% in 2013, the report says.
reliminary data for the Octo

ber 2013 CE Plant Cost Index
(CEPCI; top; the most recent avail
able) show a slight (less than
0.1%) increase in the overal index,
as well as small increases in most
of the index subcategories. The
Pipes, Valves and Fittings subindex
and the Construction Labor subin
dex were the exception, showing
small decreases while the others
rose by small margins. The cur
rent CEPCI value stands at 1.33%
lower than the value from a year
ago. The year-over-year gaps are
continuing a months-long trend of
narrowing. Meanwhile, updated
values for the Current Business
Indicators from IHS Global Insight
(middle) saw a modest increase in
the CPI output index, and a de
crease in the value of output.
60
2010
2009
20081

M a r.'10
Final
541.8
A p r.'09
Final
511.7
Annual Index:
-------------
A p r.110
Prelim.
555.2
E q u ip m e n t
__
_
__
Structural su pp orts & misc
_____
B uildings
_____________
E ngineering & supervision _______________
666.0
622.6
625.4
829.5
426.7
902.4
472.5
688.7
326.8
508.7
341.4
645.5
592.5
614.0
801.7
421.0
903.4
472.1
665.6
328.2
504.3
341.8
600.4
534.2
584.9
752.5
390.1
897.5
460.2
609.0
326.5
487.9
348.5
2003 = 402.0
( 1957 -5 9 = 100 )
C f ln d e x
2002 = 395.6
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
b ee n c o n ve rte d to a c c o m m o d a te series IDs th a t w ere disc o n tin u e d by th e U.S. Bureau o f Labor Statistics
LATEST
F M A M J
YEAR AGO
P R E V IO U S
M a v.'lO
97.7
Apr.
97.9
M ar.'lO
96.8
M ay.'09
90.1
A p r.'10
1,870.4
Mar.
1,866.7
Feb.'lO
1,789.6
A pr.'09
1,492.4
M a v.'lO
73.0
Apr.
72.9
M ar.'lO
72.1
M ay.'09
65.8
Producer p rin ts, industrial c h e m ic a ls (1 98? = 100")
M a v.'lO
272.8
Apr.
274.0
M ar.'lO
273.3
M ay.'09
223.4
CPI o u tp u t in de x f?000 = 1 00^

M a v.'lO
Industrial P roduction in M n n iifn n tu rin q ('9009=1 00")*

______ M a y.'10
M a v.'lO
=
=
=
102.3
Apr.
101.4
M ar.'lO
100.5
M ay.'09
94.8
153.9
Apr.
151.4
M ar.'lO
150.0
M ay.'09
147.4
136.0
Apr.
137.9
M ar.'lO
137.3
M ay.'09
133.4
100 )
110
2200
100
1900
90
1600
80
1300
70
1000
F M A M J
J A S O N D
F M A M J

( 1 9 2 6 = 100 )
2nd Q
2 010
Is tQ
2010
4th Q
2 009
3rd Q
2 00 9
2nd
2 00 9
1,461.3
1,448.3
1,446.5
1,446.4
1,462.9
1,522.1
1,510.3
1,511.9
1,515.1
1,534.2
C e m e n t _________________
1,519.2
1,508.1
1,508.2
1,509.7
1,532.5
C h e m ica ls ______________
1,493.5
1,481.8
1,483.1
1,485.8
1,504.8
C la y p r o d u c ts ___________
1,505.6
1,496.0
1,494.3
1,495.8
1,512.9
G lass ____________________
1,416.4
1,403.0
1,400.1
1,400.4
1,420.1
Paint ____________________
1,527.6
1,515.1
1,514.1
1,515.1
1,535.9
P a p e r ____________________
1,430.1
1,416.4
1,415.8
1,416.3
1,435.6
1,625.9
1,615.6
1,617.6
1,625.2
1,643.5
Rubber ____________
1,564.2
1,551.0
1,560.5
1,560.7
1,581.1
Electrical pow er _
1,414.0
1,389.6
1,377.3
1,370.8
1,394.7
1,569.1
1,552.1
1,548.1
1,547.6
1,562.9
1,786.9
1,772.2
1,769.5
1,767.3
1,789.0
S team pow er ___
1,488.0
1,475.0
1,470.8
1,471.4
1,490.8
M & S INDEX
--------
J A S O N D
CURRENT TRENDS
1500
1470
1455
1440
1425
1410
1395
1380
1365
1350
1335
Annual Index:
2002 = 1,1 0 4 .2
2004 = 1 ,1 7 8 .5
2006 = 1 ,3 0 2 .3
2008 = 1,4 4 9.3
2003 = 1,1 2 3 .6
2005 = 1 ,2 4 4 .5
2007 = 1 ,3 7 3 .3
2009 = 1,4 6 8.6
2nd
3rd
Quarter

reflected in the April CE Plant
Cost Index) continue to climb ac
cording to a typical mid-year trend,
but the deficit between 2010 and
2008 prices has widened a bit.
Overall production in the chemi
cal process industries fell by 0.9%
in May, following a 0.4% gain in
April, the American Chemistry
Council (ACC; Arlington, Va.;
www.americanchemistry.com) says.
Among the five major segments of
U.S. Federal Reserve Board data
that ACC analyzes, production
rose for agricultural chemicals and
specialty chemicals, but was weak
in consumer products, pharmaceu
ticals and basic chemicals.
more on capital cost trends.
1485
R elated industries
60
20101
20111
2012i

A p r.'12
Prelim.
M a r.'12
A p r.'l 1
__________
596.0
596.1
582.3
_______________
730.2
729.9
708.0
2004 = 444.2
(1957-59 = 100)
C f In d e x
E q u ip m e n t
Annual
In d e x :
686.9
686.6
671.4
2005 = 468.2
_____
680.7
680.7
665.3
2006 = 499.6
____
935.7
934.8
867.9
2007 = 525.4
____
430.8
433.9
443.7
__
921.8
922.2
904.7
___
514.9
513.6
502.6
774.2
772.1
752.8
______
320.9
323.0
325.8
________________
527.2
526.2
517.1
328.4
327.8
333.6

Buildings

2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
LATEST
F M A M J
M a y.'12
88.3
A p r.'12
88.7
M a r.'l 2
88.6
M a y.'l 1
_____________________
A p r.'l 2
2,128.4
M a r.'12
2,167.3
Feb.'12
2,199.3
A p r.'l 1
2,089.4
87.1
M a y.'12
76.3
A p r.'12
76.7
M a r.'l 2
76.6
M a y.'l 1
75.1
__________
M a y.'l 2
324.4
A p r.'12
329.6
M a r.'l 2
329.5
M a y.'l 1
341.8
_________
____________________________
PREVIOUS
____________________
M a y.'l 2
94.3
A p r.'12
94.7
M a r.'l 2
94.0
M a y.'l 1
89.7
M a y.'l 2
157.5
A p r.'12
160.7
M a r.'l 2
157.3
M a y.'l 1
156.7
M a y.'l 2
104.9
A p r.'12
104.7
M a r.'l 2
105.3
M a y.'l 1
106.3
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS
economic activity. In France and Italy, the CLIs continue to point to
Index (CEPCI; top), were relatively flat from March to April
sluggish economic activity. The CLIs for the U.K., Canada and the
(the most recent data). Meanwhile, all of the Current Business
Euro Area as a whole continue to point toward economic activity
Indicators from IHS Global Insight (middle), declined slightly
slightly below longterm trend. The assessment for China and India
from April to May.

trend. In Brazil the CLI continues to point toward a turning point
report at CE press time, the Organization for Economic Coopera
with economic activity returning toward longterm trend but with a
tion and Development's (OECD) composite leading indicator (CLI)
weaker intensity.
data for April point to a divergence between economies. The CLIs

for Japan, the U.S. and Russia continue to signal improvements in
60
has changed significantly since last month, ACC says. For both
countries, the CLIs point toward economic activity below longterm
V is itwww.che.com/pci for more information and other tips

on capital cost trends and methodology.
2011
2013
2012

41 COST INDEX (CEPCI)
650-
Annual
In d e x :
Apr.' 13
Prelim.
M a r.'l 3
Final
A p r.'l 2
Final
C f In d e x ___________
569.5
568.3
595.9
2005 = 468.2
E q u ip m e n t ________________
689.5
688.2
730.2
2006 = 499.6
626.2
624.2
686.9
656.5
651.1
680.7
2007 = 525.4
2008 = 575.4
(1 9 5 7 -5 9 = 100)
875.6
879.8
935.7
413.3
414.3
430.8
924.5
920.4
921.8
512.6
514.4
514.9
746.8
741.1
774.2
319.8
319.2
320.7
B uildings ----------------------------
536.5
534.4
527.1
328.1
326.4
328.4
600
550
500
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
450
2012 = 584.6
400
LATEST
CPI o u tp u t in de x (2007 = 100')
F M A M J
YEAR AGO
PREVIOUS
M a y '13
87.8
A pr.'l 3
87.6
M a r.'l 3
88.0
M a y 'l 2
86.7
A p r.'l 3
2,089.2
M a r.'l 3
2,126.0
Feb.'l 3
2,228.4
A p r.'l 2
2,142.5
Mav.'13
74.1
A p r.'l 3
74.1
M a r.'l 3
74.5
M a y 'l 2
74.2
Producer prices, industrial c h e m ic a ls H 98? = 1OO'i

Industrial P roduction in M a n u fa c tu rin q ('9007=100')
Mav.'13
M a y '1 3
=
=
301.7
A p r.'l 3
308.7
M a r.'l 3
313.5
M a y 'l 2
321.2
95.3
A p r.'l 3
95.2
M a r.'l 3
95.5
M a y 'l 2
93.7
______ M a y.'13 =
M n y '1 3 -
156.2
104.8
A p r.'l 3
A p r.'l 3
=
=
154.6
104.4
M a r.'l 3
M a r.'l 3
=
=
154.6
104.7
M a y 'l 2
M a y 'l 2
=
=
157.1
106.0
Hourly e arnin g s in dex, c h e m ic a l& allie d p ro d u cts (1992 = 100)

2500
2200
1900
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D

n t
r L e

60
CURRENT TRENDS
reliminary data for the April
able) indicate that the composite
index increased by 0.2% com
pared to the final March value,
reversing three consecutive de
creases in the months prior. The
higher numbers included increases
in a number of subindices, such as
process machinery, pumps & com
pressors and heat exchangers &
tanks. The April 2013 preliminary
PCI index value stands at 4.4%
lower than the corresponding final
PCI value from April 201 2. Mean
while, the latest Current Business
Indicators from IHS Global Insight
(middle) moved in both directions,
with CPI output index inching
higher while CPI value of output
decreased slightly.
2010
2009
2008 I

(1957-59 = 100)
CE I n d e x
650-
Mar. '10
Prelim.
541.8
Feb. '10
Final
539.1
Mar. '09
Final
522.6
Annual Index:
645.5
592.5
614.1
801.7
421.0
903 4
472.1
665 6
641.1
587.3
610.3
796.1
420.5
903.4
468.4
660.0
330.2
500.5
342.4
616.6
563.2
597.3
761.0
385.1
898.0
459.6
636.1
325.7
494.9
349.0
2003 = 402.0
E qu ip m e nt
S tructural su pp orts & misc
Buildings
328.4
504.3
341 8
2002 = 395.6
2004 = 444.2
550
2005 = 468.2
2006 = 499.6
500
2007 = 525.4
2008 = 575.4
450
2009 = 521.9
600
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
Apr. '10
98.5
Mar. '10
96.8
Feb. '10
95.9
Apr. '09
90.4
Mar. '10
1,864.7
Feb. '10
1,789.6
Jan. '10
1,786.8
Mar. '09
1,482.0
Apr. '10
73.5
Mar. '10
72.1
Feb. '10
71.3
Apr. '09
65.9
P roducer prices,, industrial c h e m ic a ls (1982 = 100)
Apr. '10
274.0
Mar. '10
273.3
Feb. '10
265.7
Apr. '09
220.1
Apr. '10
101.4
Mar. '10
100.4
Feb. '10
99.4
Apr. '09
95.7
______ Apr. '10
151.5
Mar. '10
150.0
Feb. '10
150.4
Apr. '09
146.4
Apr. '10
138.6
Mar. '10
137.2
Feb. '10
138.0
Apr. '09
133.1
Industrial P roduction in M a n u fa c tu rin g (2002=100)*

CPI OUTPUT VALUE ($ b i l l i o n s )
110
2200
100
1900
90
1600
80
1300
70

85
2500
1000
F M A M J
J A S O N D
F M A M J
CURRENT TRENDS

(1926 = 100)
1st Q
2 010
4th Q
2 009
3rd Q
2 009
2 nd Q
2 00 9
1st Q
2 00 9
1,448.3
1,446.5
1,446.4
1,462.9
1,477.7
1,510.3
1,511.9
1,515.1
1,534.2
1,553.2
C e m e n t _________________
1,508.1
1,508.2
1,509.7
1,532.5
1,551.1
C h e m ica ls ______________
1,481.8
1,483.1
1,485.8
1,504.8
1,523.8
C la y p r o d u c ts ___________
1,496.0
1,494.3
1,495.8
1,512.9
1,526.4
G lass ____________________
1,403.0
1,400.1
1,400.4
1,420.1
1,439.8
Paint ____________________
1,515.1
1,514.1
1,515.1
1,535.9
1,554.1
P a p e r ____________________
1,416.4
1,415.8
1,416.3
1,435.6
1,453.3
1,615.6
1,617.6
1,625.2
1,643.5
1,663.6
Rubber ____________
1,551.0
1,560.5
1,560.7
1,581.1
1,600.3
M & S IN D E X
----------
J A S O N D
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
Electrical pow er _
1,389.6
1,377.3
1,370.8
1,394.7
1,425.0
1,552.1
1,548.1
1,547.6
1,562.9
1,573.0
1,772.2
1,769.5
1,767.3
1,789.0
1,807.3
S team pow er ___
1,475.0
1,470.8
1,471.4
1,490.8
1,509.3
1380
1365
1350
1335
Annual Index:
2002 = 1,104.2
2004 = 1,178.5
2006 = 1,302.3
2008 = 1,449.3
2003 = 1,123.6
2005 = 1,244.5
2007 = 1,373.3
2009 = 1,468.6
1st
2nd
3rd
Quarter
64
ypically, the graphs on this

page display data for two
years: the current and previous
years, which would in this case
correspond to 2010 and 2009.
In last month's issue, however,
we began including data for one
additional year, 2008, because
true economic recovery not only
requires that we surpass 2009
levels, but that we also exceed
those of early 2008.
In the Feburary CEPCI the 2009
milestone was surpassed. And
although the gap between 2010
and 2008 continues to narrow
with the March preliminary
CEPCI, it has not yet been erased.
methodology.
4th
201
201 I ^ m 2012

M ar.'12
Prelim.
Feb.'l 2
Final
M a r.'l 1
Final
__________
596.1
596.3
575.9
_______________
729.9
730.6
698.7
2004 = 444.2
(1957-59 = 100)
C f In d e x
E q u ip m e n t
Annual
In d e x :
686.6
689.9
657.5
2005 = 468.2
_____
680.7
677.7
662.1
2006 = 499.6
____
934.8
933.5
862.8
2007 = 525.4
____
433.9
433.8
438.7
__
922.2
919.6
898.5
___
513.6
514.2
499.4
772.1
772.9
738.6
______
323.0
321.7
324.3
________________
526.3
524.4
514.2
327.8
328.4
334.3

Buildings
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (9 0 0 7 = 1 00^
A p r.'l ?
89.0
M a r.'l 2
89.0
Feb.'l 2
89.8
A p r.'l
M a r.'l?
2,182.9
Feb.'12
2,180.4
J a n .'12
2,144.8
M a r.'l
A p r.'l?
76.9
M a r.'l 2
76.9
Feb.'l 2
77.6
A p r.'l
75.3
P roducer p rice s.ind u stria l c h e m ic a ls H 98? = 1OO'i
A p r.'l?
329.6
M a r.'l 2
329.5
Feb.'l 2
318.1
A p r.'l
332.0
Industrial P roduction in M a n u fa c tu rin a ('2007=100'

2,072.8
A p r.'l?
94.6
M a r.'l 2
94.1
Feb.'l 2
94.5
A p r.'l
89.5
______ A p r.'l 2
159.2
M a r.'l 2
157.2
Feb.'l 2
157.3
A p r.'l
155.1
A p r.'l?
105.1
M a r.'l 2
105.4
Feb.'l 2
106.8
A p r.'l
107.3
87.3
=
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS
gions. Production slipped in the Mid-Atlantic and West Coast
Index (CEPCI; top), were relatively flat from February to
and was flat in the Northeast.
March (the most recent data).

Meanwhile, all of the Current Business Indicators from IHS
Global Insight (middle), were relatively flat from March to
segments, except fertilizers, ACC says. Some of the largest
April. According to the American Chemistry Council (ACC;
gains were in man-made fibers, adhesives, industrial gases,
Washington, D.C.; www.americanchemistry.com), the U.S.
inorganic chemicals, and pesticides. Compared to March
Chemical Production Regional Index (U.S. CPRI) rose by 0.1%
2011, total chemical production in all regions was up 1.3%
in March, following a revised 1.0% gain in February, the
and remained ahead year-over-year in all regions.
fourth consecutive gain. Regionally, chemical production rose

in the Gulf Coast, Midwest, Ohio Valley and Southeast re
80
Using a three month moving average, comparable to the

U.S. CPRI, production gains were seen in nearly all chemical

2011
2013
2012

650-

A nnual
In d e x :
M a r.'13
Prelim.
F e b .'l 3
Final
M ar.'1 2
Final
CE I n d e x
568.3
569.9
596.1
2005 = 468.2
E qu ip m e nt
688 3
690.9
729.9
2006 = 499.6
694 9
651 1
627.4
686.6
653.8
680.7
2007 = 525.4
2008 = 575.4
(1 9 5 7 -5 9 = 100)

879 8
887.6
934.8
414 5
417.0
433.9
990 4
917.4
922.2
514 4
513.5
513.6
741 1
739.3
772.1
319.0
318.9
323.0
Buildings
5.34.2
530.9
526.2
326.9
326.6
327.8
600
550
500
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
450
2012 = 584.6
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (2007 = 100')
A p r.'13
87.9
M a r.'13
88.1
Feb.'l 3
88.3
A p r.'l 2
87.4
M a r.'13
2,123.10
Feb.'13
2,192.70
J a n .'13
2,19540
M a r.'l 2
2,167.30
A p r.'13
74.3
M a r.'13
74.6
Feb.'13
74.8
A p r.'l 2
74.9

Industrial P roduction in M a n u fa c tu rin a ("9007=1 00")
A pr.'13
A p r '13
=
=
308.7
M a r.'13
313.5
Feb.'13
314.2
A p r.'l 2
328.9
95.2
M a r.'13
95.6
Feb.'13
95.8
A p r.'l 2
93.9
______ A p r.'13
A p r '13
=
-
154.3
104.2
M a r.'13
M a r.'13
=
=
154.8
104.7
Feb.'13
Feb.'13
=
=
155
104
A p r.'l 2
A p r.'l 2
=
=
159.6
106.8

2500
2200
1900
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D


'
ii
if
rv

60
CURRENT TRENDS
reliminary data for the March
index declined by 0.3% from the
February value. The decrease was
driven by a lower overall equip
ment cost index. The indices for
construction labor, buildings and
engineering & supervision edged
higher. The March decline follows
a similar 0.2% dip the previous
month. The March 2013 prelimi
nary PCI stands at 4.6% lower than
from March 201 2. Meanwhile, the
all edged lower compared to the
previous month. For example, the
CPI output index for April dropped
to 87.9 from 88.1 in March.
2009i
20101
20111
2012i

D e c .'l 1
Prelim.
_ 588.8
(1957-59= 100)
C f ln d e x
---------------
E q u ip m e n t
____
___
____
_______
Buildings
_
_
N ov.'l 1
Final
590.8
D e c .'10
Final
560.3
721.0
686.7
674.1
899.3
428.0
910.4
510.6
767.5
326.6
519.0
330.4
674.6
627.1
627.6
854.3
426.2
903.6
488.4
696.3
328.1
503.3
335.6
718.6
681.5
670.9
902.1
427.4
910.1
511.5
762.4
324.5
519.1
329.6
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
89.1
D e c .'l
_____________________
D e c .'l 1
2,117.1
Nov.'l
____________________________
J a n .'12
77.1
D e c .'l
__________
J a n .'12
303.9
D e c .'l
_________
89.1
YEAR AGO
P R E V IO U S
J a n .'12
LATEST
____________________
F M A M J
N ov.'l 1
O c t . 'll
87.4
J a n .'11
87.0
2,095.8
D e c .'l 0
1,914.6
2,121.0
77.1
N ov.'l 1
75.6
J a n .'11
74.9
309.6
N ov.'l 1
320.2
J a n .'11
297.4
J a n .'12
93.5
D e c .'l
92.8
N ov.'l 1
91.4
J a n .'11
89.4
J a n .'12
165.5
D e c .'l
165.5
N ov.'l 1
155.7
J a n .'11
156.1
J a n .'12
108.7
D e c .'l
109.8
N ov.'l 1
109.2
J a n .'11
112.7
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
4th Q
2011
3 rd Q
2011
2nd Q
2011
Is tQ
2011
4th Q
2 010
1,536.5
1,533.3
1,512.5
1,490.2
1,476.7
1,597.7
1,592.5
1,569.0
1,549.8
1,537.0
C e m e n t _________________
1,596.7
1,589.3
1,568.0
1,546.6
1,532.5
C h e m ica ls ______________
1,565.0
1,559.8
1,537.4
1,519.8
1,507.3
C la y p r o d u c ts ___________
1,583.6
1,579.2
1,557.5
1,534.9
1,521.4
G lass ____________________
1,495.7
1,491.1
1,469.2
1,447.2
1,432.7
M & S INDEX
--------
Paint ____________________
1,613.6
1,608.7
1,584.1
1,560.7
1,545.8
P a p e r ____________________
1,507.6
1,502.4
1,480.7
1,459.4
1,447.6
1,704.9
1,698.7
1,672.0
1,652.5
1,640.4
Rubber ____________
1,644.2
1,641.4
1,617.4
1,596.2
1,581.5
Electrical pow er _
1,515.0
1,517.6
1,494.9
1,461.2
1,434.9
1,659.6
1,648.6
1,623.5
1,599.7
1,579.4
1,889.4
1,884.4
1,856.4
1,827.8
1,809.3
S team pow er ___
1,574.3
1,572.2
1,546.5
1,523.0
1,506.4
R elated industries
1545
1515
1500
1485
1470
1455
1440
1425
1410
1395
1380
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
1365
2nd
3rd
Quarter
72

Cost Index (CEPCI), decreased
0.34% from November to
December. Decreases are typi
cal during the third quarter.
Annual CEPCI data will be
released in next month's issue,
when the December 2011
numbers are finalized.
Meanwhile, the CPI O p
erating Rate, as reported
from IHS Global Insight, re
mained flat from December
to January.
Visitwww.che.com/pci for
tips on capital cost trends and
methodology.
1530
4th
2011
2 0 10 i
2013
2012

A nnual
In d e x :
D e c .'l 2
Prelim.
N ov .'12
Final
D e c .'l 1
Final
C f In d e x ___________
572.7
570.6
590.1
E q u ip m e n t ________________
694.5
691.7
718.7
634.8
634.0
681.6
657.9
656.7
670.9
2006 = 499.6
2007 = 525.4
( 1957 - 5 9 = 100 )
895.8
890.4
902.1
422.5
420.7
428.0
899.6
895.8
910.1
511.4
511.2
511.5
734.5
726.0
762.4
321.8
321.6
331.4
B uildings ----------------------------
527.2
525.0
519.1
327.7
327.3
329.6
600
2004 = 444.2
2005 = 468.2
550
500
2008 = 575.4
2009 = 521.9
450
2 0 1 0 - 5 5 0 .8
2011 = 5 8 5 .7
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (2007 = 100')
J a n .'13
89.3
D e c .'l 2
89.9
Nov.'12
88.3
J a n .'12
89.3
D e c .'l 2
2,173.0
O c t.'l 2
2,208.7
D e c .'l 1
2,139.8
J a n .'13
76.9
=
=
2,176.8
Nov.'12
D e c .'l 2
77.6
Nov.'12
76.2
J a n .'12
77.2
Producer p rice s.ind u stria l c h e m ic a ls H 98? = 1OO'i

D e c .'l?
.Inn '1 3
=
=
300.2
=
=
297.3
O c t.'l 2
299.7
D e c .'l 1
304.4
95.4
Nov.'12
D e c .'l 2
95.8
Nov.'12
94.8
J a n .'12
93.8
______ J a n .'l 3 =
.Inn '1 3 -
154.4
107.0
D e c .'l 2
D e c .'l 2
=
=
153.5
107.5
Nov.'12
N o v.'l 2
=
=
153.9
105.8
J a n .'12
J a n .'12
=
=
158.7
109.0

CPI OUTPUT INDEX
(2007 = 100)
2500
2200
1900
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D

Exclusively from Marshall & Swift j j
Jijt
n *
r L

68
CURRENT TRENDS
for December 201 2 (the most re
cent available) indicate that cap ital
equipment prices rose 0.3 7% from
November to December, reversing
the dip from the previous month.
Even after the rise, the current-year
plant cost index stands at 2.95%
lower than it was in December of
the previous year (2011). Within
the CEPCI, me preliminary De
cember numbers indicate that all
equipment-class subgroups, as
well as construction labor, build
ings and engineering and supervi
sion edged upward in December
of last year. Meanwhile, the Cur
rent Business Indicators from IHS
Global Insight (middle), show a
slight decrease in the latest CPI
output index value (Jan. 2013).
2010
2009
2008 I

(1957-59 = 100)
CE I n d e x
650-
Feb. '10
Prelim.
539.1
J an. '1C
Final
532.9
Feb. '09
Final
532.3
Annual Index:
641.1
587.3
610.4
796.1
420.5
903 4
468.4
660 0
631.8
571.9
601.9
794.5
419.8
903.0
469.2
640.2
331.0
494.8
342.4
631.9
587.0
615.2
770.6
384.6
897.0
458.7
660.9
323.7
495.5
349.8
2003 = 402.0
E qu ip m e nt
Buildings
329.9
500.3
342 4
2002 = 395.6
2004 = 444.2
550
2005 = 468.2
2006 = 499.6
500
2007 = 525.4
2008 = 575.4
450
2009 = 521.9
600
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
Mar. '10
96.9
Feb. '10
96.2
Jan. '10
96.0
Mar. '09
90.0
Feb. '10
1,636.1
Ja n. '10
1,636.9
Dec. '09
1,616.8
Feb. '09
1,431.4
Mar. '10
72.1
Feb. '10
71.5
Jan. '10
71.1
Mar. '09
65.5
Feb. '10
265.7
Ja n. '10
260.1
Dec. '09
254.9
Feb. '09
224.1
Mar. '10
100.5
Feb. '10
99.6
Jan. '10
99.4
Mar. '09
96.1
______ Mar. '10
149.6
Feb. '10
150.1
Jan. '10
150.5
Mar. '09
145.7
Mar. '10
137.4
Feb. '10
139.1
Jan. '10
134.4
Mar. '09
130.3

110
2200
100
1900
90
1600
80
1300
70

85
2500
1000
F M A M J
J A S O N D
F M A M J
CURRENT TRENDS

(1926 = 100)
1st Q
2 010
4th Q
2 009
3rd Q
2 009
2 nd Q
2 00 9
1st Q
2 00 9
1,448.3
1.446.5
1.446.4
1,462.9
1.477.7
Process industries, a v e r a g e __ 1.510.3
1,511.9
1.515.1
1,534.2
1.553.2
C e m e n t ___________________
1,508.1
1.508.2
1.509.7
1.532.5
1.551.1
C h e m ica ls ________________
1,481.8
1.483.1
1.485.8
1.504.8
1.523.8
C la y p r o d u c ts _____________
1.496.0
1.494.3
1.495.8
1.512.9
1,526.4
G lass _____________________
1.403.0
1.400.1
1.400.4
1.420.1
1.439.8
Paint ______________________
1.515.1
1.514.1
1.515.1
1.535.9
1.554.1
P a p e r _____________________
1.416.4
1.415.8
1,416.3
1.435.6
1.453.3
1.615.6
1.617.6
1.625.2
1,643.5
1,663.6
Rubber ____________
1.551.0
1.560.5
1.560.7
1.581.1
1.600.3
Electrical pow er _
1.389.6
1.377.3
1.370.8
1.394.7
1.425.0
1.552.1
1.548.1
1,547.6
1,562.9
1.573.0
1.772.2
1.769.5
1.767.3
1,789.0
1.807.3
S team pow er ___
1,475.0
1.470.8
1.471.4
1.490.8
1.509.3
M & S IN D E X
-----------------
J A S O N D
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2002 = 1,104.2
2004 = 1,178.5
2006 = 1,302.3
2008 = 1,449.3
2003 = 1,123.6
2005 = 1,244.5
2007 = 1,373.3
2009 = 1,468.6
1st
2nd
3rd
Quarter
4th
M arshall & Swift's M arshall V a lu a tio n Service m a n u a l. 2010 E q u ip m e n t C o st Index N um bers reprinted a n d p u b
lished w ith th e perm ission o f M arshall & S w ift/B oeckh, LLC a n d its licensors, c o p y rig h t 2010. M a y n o t b e reprinted,
c o p ie d , a u to m a te d or used fo r va lu a tio n w ith o u t M arshall & S w ift/B oeckh's prio r perm ission.
72
lobal industrial production,

as measured by the O rga
nization for Economic Coopera
tion and Development (OECD)'s
composite leading indicator (CLI),
rose in February, and continues
to point to economic expansion,
the American Chemistry Council
(ACC) says. Rates of expansion
varied in different regions, with
the strongest signs seen in Japan
and the U.S.
Meanwhile, for the first time
since January 2008, capital
equipment prices (as reflected in
the February 2010 CEPCI, above)
have eclipsed those of the same
period the previous year.
methodology.
201
201 I ^ m 2012

(1957-59 = 100 )
Feb.'12
Prelim.
J a n .'12
Final
F e b .'l 1
Final
593.6
574.6
Annual
In d e x :
C f ln d e x
-------
596.2
E q u ip m e n t
-------------
730.6
726.8
696.6
2004 = 444.2
H e a te x c h a n g e rs & ta n k s -
689.9
686.7
654.4
2005 = 468.2
---------
677.8
676.1
653.5
2006 = 499.6
-------
933.5
924.9
868.3
2007 = 525.4
--------
433.8
427.8
440.8
919.6
911.6
892.6
___
514.2
511.6
498.0
772.9
776.1
732.1
-----------
321.5
321.1
326.2
________________
524.2
520.4
509.9
328.4
329.9
334.9

Buildings
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (9 0 0 7 = 1 00^
M a r.'l ?
89.8
Feb.'12
90.2
J a n .'12
89.6
M a r.'l
CPI va lu e of o u tp u t. S billions
F e b .'l?
2,180.7
J a n .'12
2,144.8
D e c.'11
2,119.8
Feb.'l
87.8
=
1,990.4
M a r.'l?
77.5
Feb.'12
77.9
J a n .'12
77.4
M a r.'l
75.7
M a r.'l?
329.5
Feb.'12
318.1
J a n .'12
303.9
M a r.'l
317.5

M a r.'l?
94.4
Feb.'12
94.6
J a n .'12
93.8
M a r.'l
90.0
______ M a r .'l2
156.8
Feb.'12
156.5
J a n .'12
158.7
M a r.'l
155.7
M a r.'l?
106.6
Feb.'12
107.1
J a n .'12
107.4
M a r.'l
110.8
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS
ratio is higher now than compared to a year ago, suggesting
Index (CEPCI), increased 0.4% from January to February.
that there may be "some imbalances building at this stage of
The April 2011 issue of CE released the annual 2011 CEPCI,

585.7, which is an 6.3% increase from 2010 and an 11 .4%
the supply chain," an ACC report says.

Globally, China's economic growth slowed for the fourth
increase from 2009. It also is the first annual number to sur
quarter in a row, and is at its lowest pace in three years, the
pass the previous peak of 2008.
ACC report says, adding that a severe slowdown in China "is
Sales of chemicals at the wholesale level rose in Febru
one risk to the global economy". Citing industrial production
ary by 1.6%, to $9.8 billion, according to data from the
data from Europe, ACC says that the downturn there "may
American Chemistry Council (ACC; Washington, D.C.; www.
be easing."
americanchemistry.com). Chemical inventories also rose in

February by 1.2%, to $11.5 billion. The inventories-to-sales
64

2011
2 0 10 i
2013
2012

A nnual
In d e x :
D e c .'l 2
Prelim.
N ov .'12
Final
D e c .'l 1
Final
C f In d e x ___________
572.7
570.6
590.1
E q u ip m e n t ________________
694.5
691.7
718.7
634.8
634.0
681.6
657.9
656.7
670.9
2006 = 499.6
2007 = 525.4
( 1957 - 5 9 = 100 )
895.8
890.4
902.1
422.5
420.7
428.0
899.6
895.8
910.1
511.4
511.2
511.5
734.5
726.0
762.4
321.8
321.6
331.4
B uildings ----------------------------
527.2
525.0
519.1
327.7
327.3
329.6
600
2004 = 444.2
2005 = 468.2
550
500
2008 = 575.4
2009 = 521.9
450
2 0 1 0 - 5 5 0 .8
2011 = 5 8 5 .7
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (2007 = 100')
J a n .'13
89.3
D e c .'l 2
89.9
Nov.'12
88.3
J a n .'12
89.3
D e c .'l 2
2,173.0
O c t.'l 2
2,208.7
D e c .'l 1
2,139.8
J a n .'13
76.9
=
=
2,176.8
Nov.'12
D e c .'l 2
77.6
Nov.'12
76.2
J a n .'12
77.2

D e c .'l?
.Inn '1 3
=
=
300.2
=
=
297.3
O c t.'l 2
299.7
D e c .'l 1
304.4
95.4
Nov.'12
D e c .'l 2
95.8
Nov.'12
94.8
J a n .'12
93.8
______ J a n .'l 3 =
.Inn '1 3 -
154.4
107.0
D e c .'l 2
D e c .'l 2
=
=
153.5
107.5
Nov.'12
N o v.'l 2
=
=
153.9
105.8
J a n .'12
J a n .'12
=
=
158.7
109.0

CPI OUTPUT INDEX
(2007 = 100)
2500
2200
1900
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D

Jijt
n *
r L

68
CURRENT TRENDS
for December 201 2 (the most re
cent available) indicate that cap ital
equipment prices rose 0.3 7% from
November to December, reversing
the dip from the previous month.
Even after the rise, the current-year
plant cost index stands at 2.95%
lower than it was in December of
the previous year (2011). Within
the CEPCI, me preliminary De
cember numbers indicate that all
equipment-class subgroups, as
well as construction labor, build
ings and engineering and supervi
sion edged upward in December
of last year. Meanwhile, the Cur
Global Insight (middle), show a
slight decrease in the latest CPI
output index value (Jan. 2013).
2010
2009
2008 I

(1957-59 = 100)
CE I n d e x
650-
Feb. '10
Prelim.
539.1
J an. '1C
Final
532.9
Feb. '09
Final
532.3
Annual Index:
641.1
587.3
610.4
796.1
420.5
903 4
468.4
660 0
631.8
571.9
601.9
794.5
419.8
903.0
469.2
640.2
331.0
494.8
342.4
631.9
587.0
615.2
770.6
384.6
897.0
458.7
660.9
323.7
495.5
349.8
2003 = 402.0
E qu ip m e nt
Buildings
329.9
500.3
342 4
2002 = 395.6
2004 = 444.2
550
2005 = 468.2
2006 = 499.6
500
2007 = 525.4
2008 = 575.4
450
2009 = 521.9
600
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
Mar. '10
96.9
Feb. '10
96.2
Jan. '10
96.0
Mar. '09
90.0
Feb. '10
1,636.1
Ja n. '10
1,636.9
Dec. '09
1,616.8
Feb. '09
1,431.4
Mar. '10
72.1
Feb. '10
71.5
Jan. '10
71.1
Mar. '09
65.5
Feb. '10
265.7
Ja n. '10
260.1
Dec. '09
254.9
Feb. '09
224.1
Mar. '10
100.5
Feb. '10
99.6
Jan. '10
99.4
Mar. '09
96.1
______ Mar. '10
149.6
Feb. '10
150.1
Jan. '10
150.5
Mar. '09
145.7
Mar. '10
137.4
Feb. '10
139.1
Jan. '10
134.4
Mar. '09
130.3

110
2200
100
1900
90
1600
80
1300
70

85
2500
1000
F M A M J
J A S O N D
F M A M J
CURRENT TRENDS

(1926 = 100)
1st Q
2 010
4th Q
2 009
3rd Q
2 009
2 nd Q
2 00 9
1st Q
2 00 9
1,448.3
1.446.5
1.446.4
1,462.9
1.477.7
Process industries, a v e r a g e __ 1.510.3
1,511.9
1.515.1
1,534.2
1.553.2
C e m e n t ___________________
1,508.1
1.508.2
1.509.7
1.532.5
1.551.1
C h e m ica ls ________________
1,481.8
1.483.1
1.485.8
1.504.8
1.523.8
C la y p r o d u c ts _____________
1.496.0
1.494.3
1.495.8
1.512.9
1,526.4
G lass _____________________
1.403.0
1.400.1
1.400.4
1.420.1
1.439.8
Paint ______________________
1.515.1
1.514.1
1.515.1
1.535.9
1.554.1
P a p e r _____________________
1.416.4
1.415.8
1,416.3
1.435.6
1.453.3
1.615.6
1.617.6
1.625.2
1,643.5
1,663.6
Rubber ____________
1.551.0
1.560.5
1.560.7
1.581.1
1.600.3
Electrical pow er _
1.389.6
1.377.3
1.370.8
1.394.7
1.425.0
1.552.1
1.548.1
1,547.6
1,562.9
1.573.0
1.772.2
1.769.5
1.767.3
1,789.0
1.807.3
S team pow er ___
1,475.0
1.470.8
1.471.4
1.490.8
1.509.3
M & S IN D E X
-----------------
J A S O N D
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2002 = 1,104.2
2004 = 1,178.5
2006 = 1,302.3
2008 = 1,449.3
2003 = 1,123.6
2005 = 1,244.5
2007 = 1,373.3
2009 = 1,468.6
1st
2nd
3rd
Quarter
4th
M arshall & Swift's M arshall V a lu a tio n Service m a n u a l. 2010 E q u ip m e n t C o st Index N um bers reprinted a n d p u b
lished w ith th e perm ission o f M arshall & S w ift/B oeckh, LLC a n d its licensors, c o p y rig h t 2010. M a y n o t b e reprinted,
c o p ie d , a u to m a te d or used fo r va lu a tio n w ith o u t M arshall & S w ift/B oeckh's prio r perm ission.
72
lobal industrial production,

as measured by the O rga
nization for Economic Coopera
tion and Development (OECD)'s
composite leading indicator (CLI),
rose in February, and continues
to point to economic expansion,
the American Chemistry Council
(ACC) says. Rates of expansion
varied in different regions, with
the strongest signs seen in Japan
and the U.S.
Meanwhile, for the first time
since January 2008, capital
equipment prices (as reflected in
the February 2010 CEPCI, above)
have eclipsed those of the same
period the previous year.
methodology.
201
201 I ^ m 2012

(1957-59 = 100 )
Feb.'12
Prelim.
J a n .'12
Final
F e b .'l 1
Final
593.6
574.6
Annual
In d e x :
C f ln d e x
-------
596.2
E q u ip m e n t
-------------
730.6
726.8
696.6
2004 = 444.2
H e a te x c h a n g e rs & ta n k s -
689.9
686.7
654.4
2005 = 468.2
---------
677.8
676.1
653.5
2006 = 499.6
-------
933.5
924.9
868.3
2007 = 525.4
--------
433.8
427.8
440.8
919.6
911.6
892.6
___
514.2
511.6
498.0
772.9
776.1
732.1
-----------
321.5
321.1
326.2
________________
524.2
520.4
509.9
328.4
329.9
334.9

Buildings
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (9 0 0 7 = 1 00^
M a r.'l ?
89.8
Feb.'12
90.2
J a n .'12
89.6
M a r.'l
CPI va lu e of o u tp u t. S billions
F e b .'l?
2,180.7
J a n .'12
2,144.8
D e c.'11
2,119.8
Feb.'l
87.8
=
1,990.4
M a r.'l?
77.5
Feb.'12
77.9
J a n .'12
77.4
M a r.'l
75.7
M a r.'l?
329.5
Feb.'12
318.1
J a n .'12
303.9
M a r.'l
317.5

M a r.'l?
94.4
Feb.'12
94.6
J a n .'12
93.8
M a r.'l
90.0
______ M a r .'l2
156.8
Feb.'12
156.5
J a n .'12
158.7
M a r.'l
155.7
M a r.'l?
106.6
Feb.'12
107.1
J a n .'12
107.4
M a r.'l
110.8
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS
ratio is higher now than compared to a year ago, suggesting
Index (CEPCI), increased 0.4% from January to February.
that there may be "some imbalances building at this stage of
The April 2011 issue of CE released the annual 2011 CEPCI,

585.7, which is an 6.3% increase from 2010 and an 11 .4%
the supply chain," an ACC report says.

Globally, China's economic growth slowed for the fourth
increase from 2009. It also is the first annual number to sur
quarter in a row, and is at its lowest pace in three years, the
pass the previous peak of 2008.
ACC report says, adding that a severe slowdown in China "is
Sales of chemicals at the wholesale level rose in Febru
one risk to the global economy". Citing industrial production
ary by 1.6%, to $9.8 billion, according to data from the
data from Europe, ACC says that the downturn there "may
American Chemistry Council (ACC; Washington, D.C.; www.
be easing."
americanchemistry.com). Chemical inventories also rose in

February by 1.2%, to $11.5 billion. The inventories-to-sales
64

2011
2013
2012

JT COST INDEX (CEPCI)
650-
A nnual
In d e x :
F e b .'l 3
Prelim.
Jan.'13
Final
F e b .'l 2
Final
C f In d e x ___________
569.9
571.2
596.3
2005 = 468.2
E q u ip m e n t ________________
690.9
692.8
730.6
2006 = 499.6
627.3
630.1
689.9
653.6
657.6
677.7
2007 = 525.4
2008 = 575.4
(1 9 5 7 -5 9 = 100)
887.6
890.4
933.5
417.1
416.5
433.8
917.4
913.9
919.6
513.5
513.3
514.2
739.3
741.6
772.9
318.9
319.2
321.7
B uildings ----------------------------
531.0
530.9
524.4
326.6
326.8
328.4
600
550
500
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
450
2012 = 584.6
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (2007 = 100')
M a r.'13
88.3
Feb.'13
88.7
Jan 13
88.2
M a r.'l 2
87.0
Fe b.'l 3
2,218.0
J a n .'13
2,195.4
Dec 12
2,164.3
Feb.'l 2
2,199.3
M a r.'13
74.7
Feb.'13
75.1
Jan 13
74.9
M a r.'l 2
74.6

Industrial P roduction in M a n u fa c tu rin a ("9007=1 00")
M a r.'13
M a r '13
=
=
313.5
Feb.'13
314.2
Dec 13
299.7
M a r.'l 2
327.3
95.7
Feb.'13
95.9
Jan 13
95.0
M a r.'l 2
93.4
______ M a r.'13
M nr '1 3
=
-
155.2
105.5
Feb.'13
Feb.'13
=
=
155.2
105.1
Jan 13
Jan 13
=
=
155.0
105.6
M a r.'l 2
M a r.'l 2
=
=
157.3
106.3

2500
2200
1900
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D

IiJt
n *
r L

76
CURRENT TRENDS
reliminary data for the Febru
ary 2013 CE Plant Cost Index
(CEPCI; top), which is the most re
cent available, indicate that capi
tal equipment prices declined from
January to February, by 0.2%. The
current February 2013 preliminary
Plant Cost Index stands at 4.4%
lower than the PCI value from a
year ago (February 201 2). Within
the equipment subcategories, costs
for pumps & compressors, process
instruments and electrical equip
ment edged higher, while costs
in other areas, including process
machinery and heat exchangers
& tanks, fell. Meanwhile, the Cur
Global Insight (middle), show that
the latest CPI output index value
(March 2013) increased from the
previous month.
2009
2010
20081

A u g .'10
Prelim.
_ 549.5
(1957-59= 100)
C f ln d e x
---------------
_
_
_
_
_
_
E q u ip m e n t
____
___
_______
B uildings
_______________
J u ly '10
Final
550.7
A u g .'09
Final
521.9
Annual Index:
659.2
611.1
626.0
821.7
416.8
902.4
481.6
679.7
328.7
506.7
338.4
615.8
560.9
599.1
752.0
400.7
895.9
462.1
630.8
327.5
491.1
346.0
2003 = 402.0
657.3
605.8
621.8
827.1
416.9
902.5
482.7
675.6
330.1
502.9
337.9
2002 = 395.6
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
LATEST
F M A M J
YEAR AGO
P R E V IO U S
CPI o u tp u t in de x (9 0 0 7 = 1 00^
S eo.'10
88.2
A u g .'10
88.4
Ju l.'10
88.2
Sep.'09
85.3
A u a .'lO
1,762.4
J u l.'10
1,754.4
J u n .'10
1,756.4
A u g .'09
1,612.6
S eo.'10
71.3
A u g .'10
71.3
Ju l.'10
71.2
Sep.'09
68.0
S ep.'10
264.1
A u g .'10
260.3
Ju l.'10
258.7
Sep.'09
243.5
S ep.'10
90.6
A u g .'10
90.7
Ju l.'10
90.6
Sep.'09
85.9
______ S ep.'10
160.2
A u g .'10
158.2
Ju l.'10
153.7
Sep.'09
150.4
S ep.'10
120.6
A u g .'10
119.9
Ju l.'10
120.8
Sep.'09
121.1

CPI OUTPUT INDEX
(2007 = 100)
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
2010
2010
2010
4th Q
2 00 9
1.473.3
1,461.3
1.448.3
1.446.5
1.446.4
1.534.4
1,522.1
1.510.3
1,511.9
1.515.1
C e m e n t _________________
1.530.0
1,519.2
1,508.1
1.508.2
1.509.7
C h e m ica ls ______________
1.505.2
1,493.5
1,481.8
1.483.1
1.485.8
C la y p r o d u c ts ___________
1.518.3
1,505.6
1.496.0
1.494.3
1.495.8
G lass ____________________
1.428.5
1,416.4
1.403.0
1.400.1
1.400.4
Paint ____________________
1.542.1
1,527.6
1.515.1
1.514.1
1.515.1
P a p e r ____________________
1.444.5
1,430.1
1.416.4
1.415.8
1,416.3
1,637.0
1,625.9
1.615.6
1.617.6
1.625.2
Rubber ____________
1.579.3
1,564.2
1.551.0
1.560.5
1.560.7
Electrical pow er _
1.419.2
1.414.0
1.389.6
1.377.3
1.370.8
1.576.7
1.569.1
1.552.1
1.548.1
1,547.6
1.804.8
1,786.9
1.772.2
1.769.5
1.767.3
S team pow er ___
1.502.3
1,488.0
1,475.0
1.470.8
1.471.4
M & S INDEX
--------------
3rd Q
2nd Q
Is t Q
3rd Q
2 00 9
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2002 = 1,1 0 4 .2
2004 = 1 ,1 7 8 .5
2006 = 1 ,3 0 2 .3
2008 = 1,4 4 9.3
2003 = 1,1 2 3 .6
2005 = 1 ,2 4 4 .5
2007 = 1 ,3 7 3 .3
2009 = 1,4 6 8.6
2nd
3rd
Quarter
60
CHEMICAL ENGINEERING WWW.CHE.COM NOVEMBER 2010

Index) declined for the third
consecutive month in August, an
unusual phenomenon given that
equipment prices typically peak
around August of each year. The
operating rate from July to A u
gust was flat.
According to the third quarter
2010 Situation and Outlook Re
port from, the American Chemistry
Council (ACC; Washington, D.C.;
www.americanchemistry.com),
total output of the global chemical
industry is expected to grow by
8.9% in 2010, but then slow to a
growth rate of 5.6% in 2011.
methodology.
2009i
2011
20101

A u g .'l 1
Prelim.
_ 600.6
(1957-59= 100)
C f ln d e x
---------------
E q u ip m e n t
____
___
____
_______
Buildings
_
_
_
_
J u ly '11
Final
593.2
Aug '10
Final
549.5
724.1
681.8
675.8
915.3
446.9
909.5
512.5
764.7
326.9
520.5
332.1
657.3
605.8
621.7
827.1
416.9
902.5
482.7
675.6
330.0
503.0
337.9
734.4
691.9
674.5
909.6
501.9
909.9
512.6
775.7
330.6
521.0
331.9
Annual Index:
2003 = 402.0
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
LATEST
S e p .'l 1
87.4
A u g .'l
A u a .'l 1
2,068.1
Ju l.'l
S e p .'l 1
75.4
A u g .'l
S e p .'l 1
338.7
A u g .'l
87.3
Ju l.'l
2,083.1
J u n .'l
75.3
=
336.5
YEAR AGO
87.2
Sep.'10
85.4
2,073.4
A u g .'10
1,732.7
Ju l.'l
75.2
Sep.'10
73.3
Ju l.'l
338.0
Sep.'10
264.0
S e p .'l 1
90.9
A u g .'l
90.6
Ju l.'l
90.3
Sep.'10
87.5
______ S e p .'l 1
158.0
A u g .'l
158.0
Ju l.'l
159.4
Sep.'10
159.1
S e p .'l 1
109.2
A u g .'l
109.6
Ju l.'l
110.7
Sep.'10
111.8

P R E V IO U S
CPI o u tp u t in de x (9 0 0 7 = 1 00^
F M A M J
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1 9 2 6 = 100)
3rd Q
2011
2nd Q
2011
Is t Q
2011
4th Q
2 010
3rd Q
2 010
1,533.3
1,512.5
1,490.2
1,476.7
1,473.3
1,592.5
1,569.0
1,549.8
1,537.0
1,534.4
C e m e n t _________________
1,589.3
1,568.0
1,546.6
1,532.5
1,530.0
C h e m ica ls ______________
1,559.8
1,537.4
1,519.8
1,507.3
1,505.2
C la y p r o d u c ts ___________
1,579.2
1,557.5
1,534.9
1,521.4
1,518.3
G lass ____________________
1,491.1
1,469.2
1,447.2
1,432.7
1,428.5
Paint ____________________
1,608.7
1,584.1
1,560.7
1,545.8
1,542.1
P a p e r ____________________
1,502.4
1,480.7
1,459.4
1,447.6
1,444.5
1,698.7
1,672.0
1,652.5
1,640.4
1,637.0
Rubber ____________
1,641.4
1,617.4
1,596.2
1,581.5
1,579.3
Electrical pow er _
1,517.6
1,494.9
1,461.2
1,434.9
1,419.2
1,648.6
1,623.5
1,599.7
1,579.4
1,576.7
1,884.4
1,856.4
1,827.8
1,809.3
1,804.8
S team pow er ___
1,572.2
1,546.5
1,523.0
1,506.4
1,502.3
M & S INDEX
--------
R elated industries
1545
1530
1515
1500
1485
1470
1455
1440
1425
1410
1395
1380
Annual Index:
2003 = 1,1 2 3 .6
2004 =1,1 7 8 .5
2005 = 1 ,2 4 4 .5
2006 = 1 ,3 0 2.3
2007 = 1 ,3 7 3 .3
2008 =1,4 4 9 .3
2009 = 1 ,4 6 8 .6
2010 = 1 ,4 5 7.4
1365
2nd
3rd
Quarter
64

increased approximately
1.3% on average from June
to July, after increasing ap
proximately 0.73% from
June to July.
Meanwhile, according to
the Current Business Indica
tors (see middle table) from
Global Insight, Inc. (Lexing
ton, Mass.), September saw
increases in the CPI output
index and the CPI operat
ing rate.
and methodology.
4th
201
201 I ^
2012

A u g .'12
Prelim.
J u ly '12
Final
A u g .'l 1
Final
__________
576.7
582.2
596.1
_______________
700.1
708.5
727.5
2004 = 444.
(1957-59= 100)
C f In d e x
E qu ip m e nt
Annual
In d e x :
641.6
652.0
691.9
2005 = 468.
_____
_ 663.3
664.7
674.5
2006 = 499.
____
_ 899.2
911.3
909.6
2007 = 525.
____
420.1
424.3
441.9
__
929.0
928.9
909.9
___
511.3
509.7
512.6

Buildings
______
________________
741.2
757.8
775.7
323.7
324.1
330.7
524.5
525.6
521.1
328.6
328.0
331.9
2008 = 575.
2009 = 521.
2010 = 550.
2011 =585.
LATEST
F M A M J
YEAR AGO
PREVIOUS
CPI o u tp u t in de x (9 0 0 7 = 1 00^
S e p .'l ?
87.5
A u g .'l 2
87.7
Ju l.'12
87.9
S ep.'l
A u a .'l ?
2,172.7
J u l.'12
2,108.8
J u n .'12
2,059.0
A u g .'l
S e p .'l?
75.4
A u g .'l 2
75.6
Ju l.'12
75.7
S ep.'l
76.1
S e p .'l?
300.1
A u g .'l 2
292.9
Ju l.'12
295.4
S ep.'l
336.0

2,124.7
S e p .'l?
94.0
A u g .'l 2
93.8
Ju l.'12
94.7
S ep.'l
91.1
______ S ep .'l 2
158.2
A u g .'l 2
157.6
Ju l.'12
159.0
S ep.'l
156.9
S e p .'l?
102.5
A u g .'l 2
102.9
Ju l.'12
103.3
S ep.'l
107.2
88.1
=
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS
0.92% decrease in the operating rate and a 10.7% decrease
Index (CEPCI; top), d ropped 3.26% from July to August (the
in the producer prices, industrial chemicals.
According to the American Chemistry Council's (ACC; Washing
from IHS Global Insight (middle), show less than a 0.3% de
ton, D.C.; www.americanchemistry.com) latest weekly economic
crease in the operating rate and output index, from August to
report at CE press time, The Organization for Economic Co-oper-
September. A t the same time there was a 3.03% increase in the
ation and Development (OECD) composite leading indicator (CLI)
value of output over the same time period, and a 2.46% aver
for August shows that most major world economies will continue
age increase in the producer prices, industrial chemicals. Year
to see weakening growth in coming quarters (also see p. 16)
over year, the trends in these numbers are a 0.68% decrease

in the output index, a 2.26% increase in the value of output, a
64
For more on capital cost trends and historical CEPCI data, visit:
www.che.com/pci
E co n o m ic In d ic a to rs
20111
2012i
2013
DOW NLOAD THE C E P C I TWO WEEKS SOONER AT W W W .CHE.CO M /PCI
650-
CHEMICAL E N G IN E E R IN G PLANT COST IN D E X CEPCI

(1 9 5 7 -5 9 = 100)
Annual
Index:
A u g .'l 3
Prelim .*
J u l.'l 3
Final
A u g .'1 2
Final
564.7
564.0
576.6
2005 = 468.2
6ft? Q
682.0
700.1
2006 = 499.6
620.7
641.6
655.0
663.3
C E In d e x
Fqi lipm^nt
Hpntpvrhnngprsft tanks
Prorasmnrhin^ry
Pip*-1vhIvpsft fittings
Prorasinstri im^nts
ft
65ft ft
615
71 ?
861.8
899.2
4 in q
407.4
420.1
Pumps & com pressors
9?n 7
920.7
929.0
51.3.0
512.4
511.3
729.8
741.2
736.3
.319.6
320.2
323.6
Buildings
5.31.6
531.1
524.5
E n gine ering & supervision
.325.6
324.1
328.6
600
550
2007 = 525.4
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
500
450
2012 = 584.6
400
F
LATEST
CURRENT BUSINESS IN D IC A TO R S*
CPI o u tp u t in dex (2007 = 100")
PREVIOUS
YEAR AG O
A u a .'1 3
88.2
J u l.'13
88.2
J u n .'13
87.8
A u g .'l 2
86.4
J u l.'13
2,183.1
J u n .'13
2,116.5
M a y '13
2,124.9
J u l.'l 2
2,105.1
A u a .'1 3
74.6
J u l.'13
74.6
J u n .'13
74.4
A u g .'l 2
73.7
P rodu cer prices, in dustrial c h e m ic a ls H 98? = 1OCTt
A u a .'13
301.0
J u l.'13
299.6
J u n .'13
304.0
A u g .'l 2
295.2
Industrial P rodu ction in M a n u fa c tu rin g (?007 = 1 OCT)
A u a '13
96.0
J u l.'13
95.3
J u n .'13
95.7
A u g .'l 2
93.5
Hourly ea rn in g s in d e x ,c h e m ic a l & allie d p ro d u c ts (1992 = 100)
A u a '13
A ug '1ft
=
-
156.8
J u l.'13
156.8
J u n .'13
156.0
A u g .'l 2
155.7
105.1
J u l.'13
104.6
J u n .'13
104.7
A u g .'l 2
104.4
CPI va lu e of o u t p u t s billions
P roductivity in d e x ,c h e m ic a ls & a llie d p ro d u c ts (1992 - 1 0 0 )
CPI OUTPUT INDEX ( 2 0 0 7 =
CPI OUTPUT VALUE ($ b il l io n s )
100 )

85
2500
110
80
100
1600
65
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
C u rrent Business Indica tors pro v id e d b y IHS G lo b a l Insight, Inc., Lexington, Mass.
Equipment Cost Index Available f

Exclusively from Marshall & Swift ^
M a r s h A LL& S w if t
U 1 L
I N
r-

176
CURRENT TRENDS
ecause the CE Plant Cost Index

(CEPCI; top) is calculated using
economic data sourced from the
U.S. government, the preliminary
August 2013 CEPCI numbers have
been affected by the shutdown of
the U.S. Federal Government that
began on October 1. As of press
time, a temporary measure had
been passed to reopen the gov
ernment, but the data used for
the CEPCI calculations have not
been updated since September
30. Meanwhile, updated values
for the Current Business Indicators
are not available, since they also
depend on government data. CE
has re-published the CBI numbers
from August, and w ill revisit both
the PCI and CBI as soon as newer
information becomes available.
2010
2009
2008 I

(1957-59 = 100)
CE In d e x
-------------
650
July '10
Prelim.
550.7
June '10
Final
556.4
July '09
Final
512.1
Annual Index:
659.2
611.1
626.0
821.7
416.8
902.4
481.6
679.7
328.5
506.5
338.4
668.1
628.7
632.1
818.5
419.4
898.4
482.2
697.5
326.7
509.4
339.1
601.2
542.8
589.8
732.1
387.8
898.5
459.1
615.9
327.5
487.0
346.5
2003 = 402.0
E q u ip m e n t
-------------------H e at e xch a n g e rs & tanks
__
_
__
_____
B uildings
_____________
E ngineering & supervision ______________
2002 = 395.6
2004 =444.2
550
2005 = 468.2
2006 = 499.6
500
2007 = 525.4
2008 = 575.4
450
2009=521.9
600
400
LATEST
F M A M J
YEAR AGO
PREVIOUS
Aug. '10
88.3
Jul. '10
88.1
Jun. '10
88.3
A ug. '09
84.8
Jul. '10
1,754.3
Jun. '10
1,756.4
May. '10
1,780.7
Jul. '09
1,570.0
A ug. '10
71.4
Jul. '10
71.1
Jun. '10
71.3
A ug. '09
67.4
Producer prices, industrial c h e m ic a ls (1982 = 100)
Aug. '10
260.3
Jul. '10
258.7
Jun. '10
267.7
A ug. '09
241.0

Aug. '10

______ A ug. '10

Aug. '10
=
=
=
90.6
Jul. '10
90.5
Jun. '10
89.8
A ug. '09
85.3
153.6
Jul. '10
153.1
Jun. '10
153.7
A ug. '09
149.0
118.7
Jul. '10
119.9
Jun. '10
120.8
A ug. '09
119.7

85
2500
2200
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS

(1926 = 100)
3rd Q
2 010
2nd Q
2010
1st Q
2010
4th Q
2 00 9
3rd Q
2 00 9
1,473.3
1,461.3
1,448.3
1,446.5
1,446.4
1,534.4
1,522.1
1,510.3
1,511.9
1,515.1
C e m e n t _________________
1,530.0
1,519.2
1,508.1
1,508.2
1,509.7
C h e m ica ls ______________
1,505.2
1,493.5
1,481.8
1,483.1
1,485.8
C la y p r o d u c ts ___________
1,518.3
1,505.6
1,496.0
1,494.3
1,495.8
G lass ____________________
1,428.5
1,416.4
1,403.0
1,400.1
1,400.4
Paint ____________________
1,542.1
1,527.6
1,515.1
1,514.1
1,515.1
P a p e r ____________________
1,444.5
1,430.1
1,416.4
1,415.8
1,416.3
1,637.0
1,625.9
1,615.6
1,617.6
1,625.2
Rubber ____________
1,579.3
1,564.2
1,551.0
1,560.5
1,560.7
Electrical pow er _
1,419.2
1,414.0
1,389.6
1,377.3
1,370.8
1,576.7
1,569.1
1,552.1
1,548.1
1,547.6
1,804.8
1,786.9
1,772.2
1,769.5
1,767.3
S team pow er ___
1,502.3
1,488.0
1,475.0
1,470.8
1,471.4
M & S INDEX
--------
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2002 = 1,104.2
2004 = 1,178.5
2006 = 1,302.3
2008 = 1,449.3
2003 = 1,123.6
2005 = 1,244.5
2007 = 1,373.3
2009 = 1,468.6
1st
2nd
3rd
Quarter
68

Index) declined for the second
consecutive month in July, an
unusual phenomenon given that
around August of each year. Ac
cording to IHS Global Insight,
Inc., prices for most carbon steel
products are likely to see subdued
increases in September, small
declines in October and sharp
drops in the following months.
Indicators from IHS Global In
sight show that the CPI operating
rate rebounded in July from its
June setback.
methodology
4th
20101
20111
2012i

J u ly '12
Prelim.
June '12
July "11
__________
582.2
585.6
593.2
_______________
708.5
713.9
724.1
2004 = 444.2
652.0
661.4
681.8
2005 = 468.2
_____
664.7
666.5
675.8
2006 = 499.6
____
911.3
917.7
915.3
2007 = 525.4
____
424.2
425.1
446.9
__
928.9
927.0
909.5
___
509.7
513.7
512.5
( 1957 -5 9 = 100 )
C f In d e x
E qu ip m e nt

Buildings
______
________________
757.8
759.9
764.7
323.9
322.6
326.9
525.6
527.1
520.5
328.0
327.9
332.1

In d e x :
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
LATEST
F M A M J
Aug. '12
87.4
J u l.'12
87.8
J u n .'12
87.5
A u g .'11
_____________________
J u l.'12
2,097.5
J u n .'12
2,059.0
M a y.'12
2,116.1
Ju l.'11
____________________________

2,113.3
PREVIOUS
____________________
Annual
87.6
A u g .'12
75.4
J u l.'12
75.7
J u n .'12
75.5
A u g .'11
75.6
__________
A u g .'12
292.9
J u l.'12
295.4
J u n .'12
312.7
A u g .'11
337.0
_________
A u g .'12
94.1
J u l.'12
94.8
J u n .'12
94.5
A u g .'11
90.7
A u g .'12
156.9
J u l.'12
158.9
J u n .'12
157.2
A u g .'11
156.6
A u g .'12
102.5
J u l.'12
103.2
J u n .'12
103.7
A u g .'11
107.2
100 )
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS
growth in June. The data indicate that production of organic
Index (CEPCI; top), d ropped 1.9% from June to July (the
and inorganic basic chemicals was up slightly, as was that of
synthetic rubber, but those gains were offset by declines in plas
tic resins and artificial fibers, according to the ACC report.
dropped slightly from July to August.
to $10.2 billion. This follows a 1.3% gain in June, ACC noted.
ington, D.C.; www.americanchemistry.com) latest weekly eco
Chemical inventories were also up. Compared to a year ago,
nomic report at CE press time, production by the U.S. chemi
chemical sales at the wholesale level were up 4.8%, outpacing
cal industry fell by 0.3% in August. The drop left production at
the 3.0% rise in inventories, ACC said.
85.7% of its average level from 2007, ACC noted. The lower
production in August follows a similar decline in July and flat
64
Meanwhile, wholesale sales of chemicals rose by 0.5% in July,
According to the American Chemistry Council's (ACC; Wash
For more on capital cost trends and methodology, visit:

www.che.com/pci
2011
2012
2013

650-
JT COST INDEX (CEPCI)

Jul. '1 3
Prelim.
Jun.'1 3
Final
J u l.'1 2
Final
CE Index _____
564.1
564.8
582.2
E q u ip m e n t ________
(1957-59= 100)
682.0
684.1
708.5
620.7
626.7
652.0
655.0
861.8
654.4
859.3
664.7
911.3
407.5
410.1
424.3
920.7
919.2
928.9
Annual
In d e x :
2 0 0 6 = 4 9 9 .6
550
2 0 0 7 = 5 2 5 .4
2 0 0 8 = 5 7 5 .4
500
2009 = 5 2 1 .9
512.4
512.7
509.7
2010 = 5 5 0 .8
Structural supp orts & m isc .

C o n stru ctio n la b o r _______
729.8
320.2
730.9
317.3
757.8
324.1
2011 = 5 8 5 .7
B uildings _________________
531.1
530.7
525.6
2 0 1 2 = 5 8 4 .6
324.6
323.9
328.0
600
2 0 0 5 = 4 6 8 .2
450
400
LATEST
CPI o u tp u t in d e x (2007 = 100)

F M A M J
YEAR AGO
PREVIOUS
Aug. '1 3
88.2
Jul. '1 3
88.2
Jun. '13
87.8
Aug. '12
86.4
Jul. '1 3
2,183.1
Jun. '1 3
2,116.5
M ay '13
2,124.9
Jul. '12
2,105.1
Aug. '1 3
74.6
Jul. '1 3
74.6
Jun. '13
74.4
Aug. '12
73.7
P rodu cer prices, in du stria l c h e m ic a ls (1982 = 100)

Industrial P ro du ction in M a n u fa c tu rin g (2007 = 100)
A ug '1 3
Aug '1 3
=
=
301.0
Jul. '1 3
299.6
Jun. '13
304.0
Aug. '12
295.2
96.0
Jul. '1 3
95.3
Jun. '13
95.7
Aug. '12
93.5
______ A ug. '1 3 =

Aug '1 3 =
156.8
Jul. '1 3
156.8
Jun. '13
156.0
Aug. '12
155.7
105.1
Jul. '1 3
104.6
Jun. '13
104.7
Aug. '12
104.4
Hourly e arnin g s index, c h e m ic a l & a llie d p ro d u c ts (1992 = 100)

P roductivity index, c h e m ic a ls & a llie d p ro d u c ts (1992 = 100)
CPI OUTPUT VALUE ($ BILLIONS)
2500
85
2200
80
75
90
70
80
65
70
60
1000
F M A M J
J A S O N D
C u rre n t Business Indica tors p ro vid e d b y IHS G lo b a l Insight, Inc., Lexington, Mass.
Equipment Cost Index Available f

Exclusively from Marshall & Swift ^
W1FT
are now available at www.equipment-cost-index.com.
64
CURRENT TRENDS
reliminary data for the July 2013
CE Plant Cost Index (CEPCI; top;
the most recent available) indicate
that the composite index decreased
by 0.1% from the final June value.
The value for the Equipment sub
index fell, while those for the
Construction Labor, Buildings and
Engineering & Supervision subin
dexes all rose by modest margins
from the June numbers. The July
2013 preliminary PCI index value
stands at 3.1% lower than the cor
responding final PCI value from
July 2012. Meanwhile, the latest
Current Business Indicators from
IHS Global Insight (middle) were
generally similar to the values from
the previous month, with some val
ues maintaining the same value
as the previous month and others
increasing slightly.
2009
2010
20081

(1957-59= 100)
C f ln d e x
---------------
J une '10
Prelim.
556.4
_
_
_
_
_
_
_
_
_
E q u ip m e n t
____
___
_______
B uildings
_______________
M a y '10
Final
558.2
June '09
Final
512.0
Annual Index:
670.2
629.9
631.8
828.3
424.8
903.1
473.2
697.5
327.8
513.9
339.7
601.5
538.0
584.9
749.0
391.8
898.9
459.8
610.0
325.6
485.7
347.2
2003 = 402.0
668.1
628.7
632.0
818.5
419.4
898.4
482.2
697.5
326.7
509.4
339.1
2002 = 395.6
2004 = 444.2
2005 = 468.2
2006 = 499.6
2007 = 525.4
2008 = 575.4
2009 = 521.9
LATEST
F M A M J
YEAR AGO
P R E V IO U S
____________________
J u l.'10
88.8
J u n .'10
88.1
M ay.'lO
88.5
J u l.'09
83.9
_____________________
J u n .'10
1,753.1
M a y.'10
1,780.7
A pr.'lO
1,854.6
J u n .'09
1,597.2
____________________________

J u l.'10
71.7
J u n .'10
71.2
M ay.'lO
71.4
J u l.'09
66.6
__________
J u l.'10
258.7
J u n .'10
267.7
M ay.'lO
272.8
J u l.'09
236.1
_________
J u l.'10
90.6
J u n .'10
89.6
M ay.'lO
90.0
J u l.'09
84.1
J u l.'10
152.6
J u n .'10
153.3
M ay.'lO
152.8
J u l.'09
148.8
J u l.'10
120.3
J u n .'10
120.6
M ay.'lO
119.2
J u l.'09
118.5
100
90
80
70
F M A M J
J A S O N D
F M A M J
J A S O N D

(1 9 2 6 = 100)
2nd
2 00 9
2010
2010
1.461.3
1,448.3
1.446.5
1.446.4
1,462.9
1.522.1
1,510.3
1,511.9
1.515.1
1,534.2
C e m e n t _________________
1.519.2
1,508.1
1.508.2
1.509.7
1.532.5
C h e m ica ls ______________
1.493.5
1,481.8
1.483.1
1.485.8
1.504.8
C la y p r o d u c ts ___________
1.505.6
1,496.0
1.494.3
1.495.8
1.512.9
G lass ____________________
1.416.4
1,403.0
1.400.1
1.400.4
1.420.1
Paint ____________________
1.527.6
1,515.1
1.514.1
1.515.1
1.535.9
P a p e r ____________________
1.430.1
1,416.4
1.415.8
1,416.3
1.435.6
1,625.9
1,615.6
1.617.6
1.625.2
1,643.5
Rubber ____________
1.564.2
1,551.0
1.560.5
1.560.7
1.581.1
Electrical pow er _
1.414.0
1,389.6
1.377.3
1.370.8
1.394.7
1.569.1
1.552.1
1.548.1
1,547.6
1.562.9
1,786.9
1.772.2
1.769.5
1.767.3
1,789.0
S team pow er ___
1,488.0
1,475.0
1.470.8
1.471.4
1.490.8
--------------
Is tQ
3rd Q
2 00 9
4th Q
2 009
M & S INDEX
2nd Q
CURRENT TRENDS
1500
1485
1470
1455
1440
1425
1410
1395
R elated industries
1380
1365
1350
1335
Annual Index:
2002 = 1,1 0 4 .2
2004 = 1 ,1 7 8 .5
2006 = 1 ,3 0 2 .3
2008 = 1,4 4 9.3
2003 = 1,1 2 3 .6
2005 = 1 ,2 4 4 .5
2007 = 1 ,3 7 3 .3
2009 = 1,4 6 8.6
2nd
3rd
Quarter
64

Index) declined in June, an un
usual phenomenon given that
around August of each year.
Indicators from Global Insight,
Inc. show that CPI output dropped
for the fourth consecutive month
in June. Data from the American
Chemistry Council indicate a July
rebound, however, in both produc
tion and capacity utilization.
Finally, note that the bases for
the CPI Output Index and Indus
trial Production in Manufacturing
changed from 2002=100 to
2007=100 on June 25.
more.
20101
20111
2012i

June '12
Prelim.
M a y '12
June '11
__________
585.5
593.8
588.9
_______________
713.9
726.2
718.0
2004 = 444.2
661.4
683.6
678.0
2005 = 468.2
_____
666.5
680.1
664.5
2006 = 499.6
____
917.7
926.7
904.8
2007 = 525.4
_____
425.1
428.9
440.9
(1957-59= 100)
C f In d e x
E q u ip m e n t
__
927.0
928.1
904.7
___
513.7
515.2
510.8
759.9
763.8
760.7
______
322.5
322.9
325.6
________________
527.2
527.7
519.1
327.9
328.3
332.6

B uildings

In d e x :
2008 = 575.4
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
LATEST
F M A M J
J u l.'12
87.9
J u n .'12
87.8
M a y.'l 2
87.9
Ju l.'11
_____________________
J u n .'12
2,065.5
M a y.'12
2,116.1
A p r.'l 2
2,132.6
J u n .'l 1
____________________________

2,104.6
PREVIOUS
____________________
Annual
87.6
J u l.'12
75.9
J u n .'12
75.8
M a y.'l 2
76.0
Ju l.'11
75.6
__________
J u l.'12
295.4
J u n .'12
312.7
M a y.'l 2
324.4
Ju l.'11
338.6
_________
J u l.'12
95.0
J u n .'12
94.5
M a y.'l 2
94.0
Ju l.'11
90.4
J u l.'12
158.7
J u n .'12
157.1
M a y.'l 2
157.6
Ju l.'11
159.1
J u l.'12
103.8
J u n .'12
104.6
M a y.'l 2
104.1
Ju l.'11
108.0
100
90
1600
1300
70
1000
F M A M J
J A S O N D
F M A M J
J A S O N D
F M A M J
J A S O N D
CURRENT TRENDS
mies and slowdowns in most major non-OECD economies."
Index (CEPCI; top), d ropped 0.6% from M ay to June (the
The June CLIs for China and India continued to point to a slow-
down, and that for Russia suggests that it, too, may be headed
toward a slowdown, the ACC report said. Brazil, on the other
changed very little from June to July.
hand, appeared to be set for a moderate pickup in economic
Meanwhile, according to the American Chemistry Council's
activity. The OECD CLI is designed to provide early signals of
(ACC; Washington, D.C.; www.americanchemistry.com) latest
turning points between expansions and slowdowns in economic
weekly economic report at CE press time, the Organization for
activity. The reading for the OECD countries plus Brazil, China,
Economic Cooperation and Development (OECD) composite
India, Indonesia, Russian Federation and South Africa showed a
leading indicator (CLI) for June and other data "continue to point
0.1 % decline in June, the ACC report said. It was the third con-
to an easing of economic activity" in most major OECD econo
secutive monthly decline.
76
E c o n o m ic In d ic a to rs
2011
2012
2013
DOW NLOADTHE C E P C I TW O WEEKS SOONER AT W W W .CHE.CO M /PCI

650-
CHEMICAL E N G IN E E R IN G PLANT COST IN D E X CEPCI

A nnual
Index:
J u n .'l 3
Prelim.
M a y '1 3
Final
J u n .'l 2
Final
C F In d e x
564.9
566.5
585.6
2005 = 468.2
Fqi lip m e n t
Hent p v rh n n g p rs & tanks
684 1
696 7
685.4
713.9
2006 = 499.6
624.3
661.4
Process m n n h in p ry
6.54 4
655.1
666.5
Pipe, valves
859 3
4109
863.4
917.7
Process instri im ents
410.6
425.1
Pi im ps
9199
919.3
927.0
512.7
513.1
513.7
Structural s up p o rts & m iso
730.9
741.7
759.9
317.6
319.7
322.6
Buildings
E n gineering & supervision
530.8
324.4
534.0
325.5
527.1
327.9
(1 9 5 7 -5 9 = 100)
&
&
fittings
com pressors
CPI o u tp u t in dex (2007 = 100)

Ju l.'13
J u n .'13

C\
989 = 100)
Industrial P rodu ction in M a n u fa c tu rin a (9007 = 100)

Hourly e a rn in g s index, c h e m ic a l & allie d p ro d u c ts (1992 = 100)
P rn di m tiv ity indP Y n h p m in n ls fr n llie d p rn d i m ts H 9 9 9 - 100'^
120
550
2007 = 525.4
2008 = 575.4
500
2009 = 521.9
2010 = 550.8
2011 = 5 8 5 .7
450
2012 = 584.6
400
LATEST
P roducer prices, industrial c h e m ic a ls
600
=
=
J u n .'13
M ay.'13
=
=
=
=
88.2
2,098.1
Jul'12
J u n 'l 2
=
=
86.8
2,035.5
Ju l.'13
74.5
J u n .'13
74.4
M ay.'13
74.8
Jul'12
74.1
299.6
J u n .'13
304.0
M ay.'13
301.7
Jul'12
294.8
Ju l.'13
. lu l'13
=
=
95.4
J u n .'13
95.5
M ay.'13
95.3
Jul'12
94.2
156.4
J u n .'13
156.0
M ay.'13
156.7
Jul'12
157.6
Ju l.'13
104.4
J u n .'13
104.5
M ay.'13
104.7
Jul'12
105.6

85
100
1900
75
90
1600
70
1300
65
60
1000
J A S O N D
YEAR AG O
M ay.'13
A p r.'l 3
2200
F M A M J
87.7
2,124.9
110
Ju l.'13
2500
70
PREVIOUS
88.0
2,109.8
F M A M J
J A S O N D
F M A M J
J A S O N D
C u rrent Business Ind ica to rs p ro vid e d by IHS G lo b a l Insight, Inc., Lexington, Mass.
Equipment Cost Index Available !

Exclusively from Marshall & Swift jf~
M a r s h a l l & S w if t
THE
B U I L D I N G
C O S T
P E O P L E

are now available at vmw.equipment-cost-index.com.
80
CURRENT TRENDS
reliminary data for the June
index decreased by 0.3% from the
final M ay value. The value for the
Heat Exchangers & Tanks subin
dex rose slightly, while the other
subindex values decreased. The
June 2013 preliminary PCI index
value stands at 3.5% lower than
from June 2012. Meanwhile, the
once again moved in both direc
tions, with the CPI output index
edging slightly upward, while the
CPI value of output decreased from
the previous month. The hourly
earnings index and CPI operating
rate changed little.

Index

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E cono m ic In d ic a to rs

DOWNLOADTHE C E P C I TWO WEEKS SOONER AT W W W .C H E .C O M /PC I

H eat e xch a n g e rs & tanks _

Pipe,valves & fittings

Process instrum ents

Pum ps & com pressors

S tructural su pp orts & m isc

E ngineering & supervision

CURRENT BUSINESS INDICATORS

P roducer p rice s,ind u stria l c h e m ic a ls (1982 = 100)

Hourly e arnin g s in dex, c h e m ic a l & a llie d p ro d u cts (1992 = 100)

P roductivity in d e x ,c h e m ic a ls & allie d p ro d u cts (1992 = 100)

CPI OUTPUT INDEX (2007 = 100)

CPI OUTPUT VALUE ($ b illio n s )

CPI OPERATING RATE (%)

apital equipment prices, as reflected in the CE Plant Cost

clining prices for organic chemicals (-1.1%), inorganic chemicals

Index (CEPCI; top), d ropped 2% from April to M ay (the most

recent data). Meanwhile, all of the Current Business Indicators

only partially offset by a gain in manmade fiber prices (+2.8%).

from IHS Global Insight (middle), including the operating rate,

Feedstock costs fell 21.3% in June following a 3.3% decline in May.

increased slightly from M ay to June.

Specialty chemical prices fell 0.7%, with similar declines in coat

According to the American Chemistry Council (ACC; Washing

ings and other specialties. Small increases occurred in agricultural

report at CE press time, overall prices for chemicals fell by 1.0%

Compared to last year, prices for basic chemicals, inorganic

chemicals, specialty chemicals, synthetic rubber and plastic resins

ticals (-0.6%) and other chemistry (excluding pharmaceuticals;

-1.2%), ACC says. Prices for basic chemicals fell by 1.4% as de

however, are off compared to a year ago, down by 1.2%.

CHEMICAL ENGINEERING WWW.CHE.COM AUGUST 2012

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CURRENT BUSINESS INDICATORS

Producer p rice s,ind u stria l c h e m ic a ls (1982 = 100)

CPI o u tp u t in de x (2007 = 100)

Hourly e arnin g s in dex, c h e m ic a l & a llie d p ro d u cts (1992 = 100)

P roductivity in d e x ,c h e m ic a ls & allie d p ro d u cts (1992 = 100)

Industrial P roduction in M a n u fa c tu rin g (2007=100)

CPI OUTPUT INDEX (2007 = 100)

CPI OUTPUT VALUE ($ b illio n s )

CPI OPERATING RATE (%)

MARSHALL & SWIFT EQUIPMENT COST INDEX

R e frig e ra tio n ____

S team pow er ___

increased 0.5% from De

cember to January. This

month's issue presents the

annual 2011 CEPCI, 585.7,

which is an 6.3% increase

increase from 2009. It also

is the first annual number to

surpass the previous peak

CHEMICAL ENGINEERING WWW.CHE.COM APRIL 2012

Plant Cost Index (CEPCI),

apital equipment prices,

more information and other

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CHEMICAL ENGINEERING PLANT COST INDEX CEPCI

H e at e xch a n q e rs & tanks

Pipe, valves & fittings

Process in strum ents

Pum ps & com pressors