MRO Magazine

News

Price index for industrial machinery and equipment rental and leasing services down from last year

Ottawa, ON -- The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index (CIMERLPI) compiled by Statistics Canada rose 0.2% in the first quarter of 2011, after no change in the fourth quarter of 2010.


Ottawa, ON — The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index (CIMERLPI) compiled by Statistics Canada rose 0.2% in the first quarter of 2011, after no change in the fourth quarter of 2010.

Heavy machinery and equipment rental and leasing services (construction, transportation, mining and forestry) advanced 0.3% while office and other commercial and industrial machinery and equipment rental and leasing services remained unchanged.

On a year-over-year basis, the index declined 0.5% in the first quarter compared with the first quarter of 2010.

Note: With this release, 2010 data are revised and the first quarter 2011 data are subject to revision.

The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index is part of the Services Producer Price Index program at Statistics Canada. The purpose of this survey 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 Services Price Index combines the North American Industry Classification System (NAICS) codes 53242 and 53249.


Print this page

Related Posts



1 Comment » for Price index for industrial machinery and equipment rental and leasing services down from last year
  1. Used CNC says:

    A very informative article. I totally agree with every statement that you have made in the post and I really appreciate your effort in gathering up the information.

Have your say:

Your email address will not be published. Required fields are marked *

*