The annual value for the CE Plant Cost Index (CEPCI) was calculated to be 556.8, down significantly from the annual value for 2014. The monthly preliminary value for the January 2016 CEPCI (the most recent available) continued to fall from prior months. While the overall CEPCI value fell from last month, some of the individual subindices rose in January, including pipes, valves and fittings; pumps and compressors; electrical equipment; and buildings. The preliminary CEPCI value for January 2016 is 10.0% lower than the corresponding value from a year ago at the same time. Meanwhile, the latest Current Business Indicators (CBI) for February 2016 showed a slight increase in the CPI output index.
Current Economic Trends – March 2016
| By Scott Jenkins