MRO Magazine

Industrial machinery rental prices down for third quarter in a row


November 2, 2015
By Bill Roebuck

Ottawa – Statistics Canada’s Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index declined 0.6% in the second quarter of 2015, following a 1.3% decrease in the first quarter. Rental and leasing prices have decreased in each of the last three quarters.

The heavy machinery and equipment (construction, transportation, mining and forestry) component declined 0.7%. The office and other machinery and equipment component decreased 0.1%.

The index was down 2.3% in the second quarter compared with the same quarter of 2014.