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Comment Business & Economics

2019 CEPCI Updates: August (prelim.) and July (final)

By Scott Jenkins |

The preliminary value for the CE Plant Cost Index (CEPCI; the most recent available) for August 2019 decreased from the previous month’s value. The decline is the sixth within the last seven months. While the Construction Labor subindex rose in August, the other three subindices — Equipment, Buildings and Engineering & Supervision — decreased, giving rise to the decline in the overall CEPCI. The preliminary August CEPCI value is 2.0% lower than the corresponding value from a year ago. The magnitude of the difference in the year-on-year values increased from the previous month. Meanwhile, the CBI numbers for September 2019 show a small decrease in the CPI Output Index.

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