United States Plant Construction Cost Index
Subscribe & Adjust Industrial Plant Capital Costs in United States over Time
Plant Construction Indexes (IC Indexes) are unbiased multipliers for instantaneously adjusting construction costs of industrial plants over time. These monthly series measure the changes in the average cost of constructing a manufacturing plant, with historical data and short-term forecasts available to predict trends.
IC indexes and key manufacturing cost factors in United States and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide.
Chart Description. The IC Index for United States experienced a 5% increase in August 2019, up from the previous year's index value of 130, reaching a value of 136. This means that the average cost of constructing an industrial plant in United States has risen by 5% during this period. For example, if the cost of building a plant in United States was USD 100 million in August 2018, the 5% increase in the IC Index suggests that the same plant would cost approximately USD 105 million in August 2019.
Data Use. The monthly IC indexes series measure the change in the average cost at which a plant is constructed. All available IC indexes series start back in January 2000 (base period) when the indexes are set at 100 (base value). IC indexes and key manufacturing cost factors in United States and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide. To better understand data provided check Intratec Industry Economics Worldwide Methodology .
Data Delivery Methods. IC Indexes are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); or (iii) a web API (to facilitate integration with existing workflows).
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About IC Indexes. IC Indexes are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. The index reconciles prices trends of fundamental components of an industrial plant construction such as labor, material and energy, providing meaningful historical and forecast data for users.
IC Indexes are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Intratec Plant Construction Indexes cover as many as 33 countries, and are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities.
About United States Manufacturing Industry. The United States boasts the largest and most diverse economy in the world, driven by a combination of cutting-edge technology, innovation, and a highly developed industrial base. The U.S. manufacturing sector is a cornerstone of the economy, playing a crucial role in generating employment, driving exports, and sustaining economic growth. Key industries include aerospace, automotive, electronics, chemicals, and machinery, all of which contribute significantly to the nation's GDP.
U.S. manufacturing is characterized by its advanced technology, high productivity, and a strong emphasis on research and development. The sector benefits from a skilled and adaptable workforce, a vast domestic market, and world-class infrastructure. The country’s leading position in innovation is further supported by significant investments in emerging technologies, such as artificial intelligence, robotics, and advanced manufacturing techniques, which continue to propel the sector forward.
As the United States continues to lead in areas like digital transformation, automation, and sustainable practices, its manufacturing industry remains critical to the nation’s economic strength and global influence. The ongoing focus on innovation and technological advancement ensures that the U.S. will maintain its position as a dominant force in the global economy for years to come.
