The preliminary value for the November CE Plant Cost Index (CEPCI; the most recent available) experienced a jump from the previous month’s value, due largely to fresh data on carbon-steel plates from the Bureau of Labor Statistics that pushed the Equipment subindex higher. The Construction Labor and Buildings subindices saw small declines, while the Engineering & Supervision subindex rose slightly. The preliminary November 2016 CEPCI value stands at 0.7% higher than the corresponding value from November 2015. This marks the first time the current value has exceeded the year-before value since January 2015. Meanwhile, the latest Current Business Indicators (CBI) for December 2016 saw a small decrease in the CPI Output Index.
Current Economic Trends: CEPCI for November 2016
| By Scott Jenkins