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Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index, second quarter 2016

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Released: 2016-10-27

The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index decreased 1.1% in the second quarter.

The index declined for seven consecutive quarters, reflecting lower demand in the rental and leasing of heavy machinery and equipment for construction, transportation, mining and forestry, especially in Alberta.

Construction, transportation, mining and forestry machinery and equipment declined 1.5%, while office and other commercial and industrial machinery and equipment rose 0.5%.

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

Year-over-year change

The index was down 3.9% in the second quarter compared with the same quarter in 2015. Construction, transportation, mining and forestry machinery and equipment decreased 4.6%, while office and other commercial and industrial machinery and equipment declined 1.5%.


  Note to readers

The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index (CIMERLSPI) measures price changes of rental and leasing activities for the commercial and industrial machinery and equipment industry.

Data are available at the Canada level only.

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 CIMERLSPI combines the North American Industry Classification System codes 53242 and 53249.

Contact information

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