The preliminary value for the May 2018 CE Plant Cost Index (CEPCI; most recent available) once again increased substantially compared to the previous month’s value, continuing a string of monthly increases since the beginning of 2018. The rise seems to be tied somewhat to increases in the components of the CEPCI that have to do with steel raw materials. The Equipment, Buildings and Construction Labor subindices all moved higher for May, while the Engineering & Supervision subindex was slightly lower. The overal CEPCI for May stands at 6.1% higher than the corresponding value from May of last year. Meanwhile, the Current Business Indicators (CBI) saw the CPI output index stay stable for June 2018.
2018 CEPCI Updates: May (prelim.) and April (final)
| By Scott Jenkins