The preliminary value for the April 2018 CE Plant Cost Index (CEPCI; most recent available) jumped compared to the previous month’s value, continuing a string of monthly increases since the beginning of the year. And for the third consecutive month, all four of the subindices (Equipment, Buildings, Construction Labor and Engineering & Supervision) moved higher for April. The Equipment subindex had the largest month-to-month increase, percentage-wise. The overal CEPCI for March stands at 5.1% higher than the corresponding value from April of last year. Meanwhile, the Current Business Indicators (CBI) showed a small decrease in the CPI output index for May 2018.
2018 CEPCI Updates: April (prelim.) and March (final)
| By Scott Jenkins