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First results released from commercial and industrial machinery and equipment rental and leasing price index

Ottawa, ON -- First-ever data are now available from Statistics Canada from the new Commercial and Industrial ...


Ottawa, ON — First-ever data are now available from Statistics Canada from the new Commercial and Industrial Machinery and Equipment Rental and Leasing Price Index.

The index fell 0.4% in the first quarter of 2010, compared with a 1.4% decline in the fourth quarter of 2009. This marked the fifth consecutive quarterly decrease of the index.

Office and other commercial and industrial machinery and equipment rental and leasing declined by 0.8%, while heavy machinery and equipment rental and leasing (construction, transportation, mining and forestry) fell by 0.2%.

On a year-over-year basis, the index declined 4.3% in the first quarter compared with the same quarter of 2009.

With this release, monthly data are also available from July 2006. From July 2006 to March 2010, the Commercial and Industrial Machinery and Equipment Rental and Leasing Price Index declined 5.3%.

Note: The Commercial and Industrial Machinery and Equipment Rental and Leasing Price Index is part of the Services Producer Price Index program at Statistics Canada. The purpose of this index is to collect and compile data to measure movements in the price of rental and leasing activities for the commercial and industrial machinery and equipment industry. These data are combined to estimate a price index for the commercial and industrial machinery and equipment rental and leasing services sector. The index can be joined with other business service indexes to provide better estimates of real output and productivity, and to monitor inflation in the services sector.

The data are not seasonally adjusted. This is a monthly index which is disseminated on a quarterly basis. Indexes are available at the Canada level only.

The Office and Other Commercial and Industrial Machinery and Equipment Rental and Leasing Price Index combines the North American Industry Classification System codes 53242 and 53249.