The preliminary value for the October CE Plant Cost Index (CEPCI; the most recent available) edged slightly higher than the previous month’s value, reversing the small decline since July. The Equipment, Construction Labor and Engineering & Supervision subindices all ticked upward, offsetting a small decrease in the Buildings subindex. The preliminary October 2016 CEPCI value stands at 0.7% lower than the corresponding value from October 2015. Meanwhile, the latest Current Business Indicators (CBI) for November 2016 showed a slight increase in the CPI Output Index and the Productivity Index. The October 2016 number for CPI Value of Output also increased compared to the previous month.
Current Economic Trends: CEPCI October 2016
| By Scott Jenkins