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Comment Engineering

2019 CEPCI Updates: December (prelim.) and November (final)

By Scott Jenkins |

The preliminary value for the CE Plant Cost Index (CEPCI) for December 2019 (the most recent available) decreased from the previous month’s value, the ninth decline in the last eleven months. Of the four major subindices comprising the overall CEPCI, the Equipment, Buildings, and Engineering & Supervision subindices decreased in December, while the Construction Labor subindex saw a small increase. The current CEPCI value is 3.9% lower than the corresponding value from a year ago at the same time. Meanwhile, the Current Business Indicators (CBI) saw small increases in the CPI Output Index and the CPI Operating Rate for January 2020. The Productivity Index for Chemicals and Allied Products also rose slightly.

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