The preliminary value for the CE Plant Cost Index® (CEPCI; top) for December 2023 (the most recent available) edged slightly higher than the previous month’s value, reversing a trend of dereasing values for the past six months. Within the overall CEPCI® value, small upticks were observed in the Equipment, Buildings and Construction Labor subindices. The Engineering & Supervision subindex was flat. The current CEPCI® value now sits at 1.5% lower than the corresponding value from December 2022. Meanwhile, the Current Business Indicators (middle) show the CPI output index rose by a tiny margin in December 2023, while the CPI value of output index fell slightly in November 2023.
2023 CEPCI® updates: December (prelim.) and November (final)
| By Scott Jenkins