The preliminary value for the CE Plant Cost Index (CEPCI) for August 2024 (most recent available) fell slightly compared to the previous month’s value. The decline is the second in a row, but maintains the approximate level observed all year. The Equipment and Buildings subindices were largely responsible for the overall decrease. The Engineering & Supervision subindex fell by small margin and the Construction Labor subindex rose. The current CEPCI value now sits at 0.5% lower than the corresponding value from August 2023. Meanwhile, the Current Business Indicators (middle) show small increases in the CPI output index and the CPI operating rate for August 2024, and an increase in the CPI value of output for July 2024.
2024 CEPCI updates: August (prelim.) and July (final)
| By Scott Jenkins