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Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index, first quarter 2015

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Released: 2015-07-30

The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index declined 2.0% in the first quarter, the largest quarterly decrease since the series began in 2006. This followed a 0.4% decrease in the fourth quarter of 2014.

The heavy machinery and equipment (construction, transportation, mining and forestry) component declined 2.5%. Respondents cited market conditions as the main reason for the decline. The office and other machinery and equipment component decreased 0.8%.

Chart 1  Chart 1: Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index
Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index

The index was down 1.7% in the first quarter compared with the same quarter of 2014.


  Note to readers

This price index measures price changes of rental and leasing activities for the commercial and industrial machinery and equipment industry at the national level.

With each release, data for the previous quarter may have been revised. Data are also subject to an annual revision with the release of second quarter data of the following reference year. The index is not seasonally adjusted.

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

Next release

The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index for the second quarter will be released in October.

Contact information

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (613-951-4636; statcan.mediahotline-ligneinfomedias.statcan@canada.ca).

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