The preliminary value for the October CE Plant Cost Index (CEPCI; most recent available) increased compared to the previous month’s value for the fifth consecutive month. Increases in October for the Equipment and Buildings subindexes offset small decreases in the Construction Labor and Engineering & Supervision subindexes. The preliminary overall monthly CEPCI value for October 2017 stands at 5.9% higher than the corresponding value from 2016. Meanwhile, the latest Current Business Indicators (CBI) showed increases in the CPI output index for November, and the CPI value of output for October, along with a small decrease in producer prices for November. The CPI operating rate also inched up for November.
Economic updates: CECPI for October 2017
| By Scott Jenkins