2019 CEPCI Updates: March (prelim.) and April (final)

The preliminary value for the CE Plant Cost Index (CEPCI; the most recent available) for March 2019 decreased from the previous month’s value for the second consecutive month, although the final value for February was adjusted slightly upward. The decline in March seems to be a result of a decrease in the Equipment subindex — a dip there offset very small increases in the Engineering & Supervision and Construction Labor subindices. The Buildings subindex remained unchanged. The overall CEPCI preliminary value for March 2019 stands at 4.8% higher than the corresponding value from a year ago. Meanwhile, the CBI numbers for March 2019 show a very small increase in the CPI Output index.