The preliminary value for the CE Plant Cost Index (CEPCI; the most recent available) for July 2019 decreased from the previous month’s value. The decline is the fifth within the last six months. Decreases in the Equipment and Buildings subindices offset slight increases in the Engineering & Supervision and Construction Labor subindices to account for the lower value for the overall CEPCI in July. The preliminary July CEPCI value is 0.4% lower than the corresponding value from a year ago. It is the first time since October 2016 that the current CEPCI value has been lower than the year-ago value. Meanwhile, the CBI numbers for August 2019 show small increases in the CPI output index and the CPI operating rate.
2019 CEPCI Updates: July (prelim.) and June (final)
| By Scott Jenkins