2023 CEPCI updates: February (prelim.) and January (final)

The preliminary value for the CE Plant Cost Index (CEPCI) for February 2023 (most recent available) fell compared to the previous month’s value, continuing a series of eight consecutive monthly decreases in the CEPCI overall value. However, the final value for January 2023 was upwardly revised. For February 2023, there was a decrease observed in the Equipment subindex, which offset small increases in the Construction Labor and Buildings subindices. The Engineering & Supervision subindex remained the same. The current CEPCI value now sits at 0.08% lower than the corresponding value from February 2022. Meanwhile, the Current Business Indicators saw the CPI Output Index edged slightly higher.