The preliminary value for the CE Plant Cost Index (CEPCI; top) for November 2020 (the most recent available) increased compared to the previous month’s value. The increase for November is the second consecutive monthly increase, and this month’s rise is larger in magnitude than the previous month’s increase. An uptick in the Equipment subindex in the latest data drove the overall monthly increase in the CEPCI, offsetting small decreases in the Construction Labor, Buildings, and Engineering & Supervision subindexes. The current CEPCI value now sits at 0.8% higher than the corresponding value from November 2019. Prior to this month, the year-over-year value for the CEPCI had been negative since July 2019.
2020 CEPCI Updates: November (prelim.) and October (final)
| By Scott Jenkins