MRO Magazine

Rental of heavy machinery and equipment up slightly in third quarter


Industry

January 26, 2015
By Bill Roebuck
Bill Roebuck

Ottawa – The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index from Statistics Canada rose 0.2% in the third quarter. Rental and leasing prices have increased in each of the first three quarters of 2014.

The heavy machinery and equipment (construction, transportation, mining and forestry) component increased 0.4% while the office and other commercial and industrial machinery and equipment rental and leasing component declined 0.4%.

The index was up 1.4% in the third quarter compared with the same quarter of 2013.