The preliminary value for the CE Plant Cost Index (CEPCI; the most recent available) for October 2019 decreased from the previous month’s value, the seventh decline in the last nine months. The decrease in the overall CEPCI was driven by contractions in the Equipment and Buildings subindices. The Construction Labor subindex was flat, while the Engineering & Supervision subindex increased by a small margin. The final value for the previous month’s CEPCI (September) was upwardly revised because of adjustments to the Process Control and Instruments Labor component of the CEPCI. The current CEPCI value is 2.7% lower than the corresponding value from a year ago at the same time.
2019 CEPCI Updates: October (prelim.) and September (final)
| By Scott Jenkins