Index remains stable

The Plant Engineering Cost Index (PECI) edged up by just 0.1% in February, marking the fourth consecutive month that the Index stayed in the 149-150 range.
By Staff April 1, 1998

The Plant Engineering Cost Index (PECI) edged up by just 0.1% in February, marking the fourth consecutive month that the Index stayed in the 149-150 range. Plant operating costs are nearly 2% higher than a year ago, and costs appear to be on a steady, but mild, incline since the third quarter of 1996. Some equipment components with noticeable changes are costs of wire and cable (nonferrous), dropping 1.1% in February, which is down 4.4 % from year-earlier level; and metal costs down 6.4% from a year ago.