The preliminary value for the May CE Plant Cost Index (CEPCI; most recent available) rose compared to the previous month’s value, making it the eighth straight month of increasing values. New data for carbon-steel plates pushed the Equipment subindex higher, while gains were also observed in the Construction Labor and Buildings subindices. The Engineering & Supervision subindex fell by a small margin. The preliminary overall monthly CEPCI value for May 2017 stands at 4.4% higher than the corresponding value from May 2016. Meanwhile, the latest Current Business Indicators (CBI) saw the CPI Output Index for June edge upward slightly. The CPI Value of Output for May fell compared to the April number.
2017 CEPCI Updates: May (preliminary) and April (final)
| By Scott Jenkins