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Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index, second quarter 2019

Released: 2019-10-25

The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index increased 0.6% in the second quarter, following a 0.1% rise in the first quarter.

Rental prices for construction, transportation, mining and forestry machinery and equipment were up 0.3%, while rental prices for office and other commercial and industrial machinery and equipment increased 0.9%.

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 rose 0.1% in the second quarter compared with the same quarter in 2018.

The increase was the result of higher rental prices for the office and other commercial and industrial machinery and equipment rental and leasing industry (+0.7%). Prices for the construction, transportation, mining, and forestry machinery and equipment rental and leasing industry decreased (-0.1%), moderating the annual growth.


  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. The series are also subject to an annual revision with the release of second quarter data for the following reference year. The index is not seasonally adjusted.

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

Products

Statistics Canada has launched the Producer Prices Portal as a part of a suite of portals for prices and price indexes. This webpage provides Canadians with a single point of access to a wide variety of statistics and measures related to producer prices. The portal offers an array of information on topics such as manufacturing, construction, professional services, distributive trades, and financial services. The portal will be updated regularly, as new information becomes available.

The video "Producer Price Indexes" is available on the Statistics Canada Training Institute webpage. It provides an introduction to Statistics Canada's Producer Price Indexes—what they are, how they are produced, and what they are used for.

A Historical Timeline of Canadian Producer Price Statistics

The publication "A Historical Timeline of Canadian Producer Price Statistics," part of the Prices Analytical Series (Catalogue number62F0014M), was created to showcase the key milestones in the history of Canadian producer price statistics. This historical timeline contains answers to questions such as: "Who collected Canada's first statistics?" and "What do Canadian producer price indexes measure?"

Infographic: Producer Price Indexes at a Glance

The infographic "Producer Price Indexes at a Glance," part of Statistics Canada — Infographics (Catalogue number11-627-M), demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy.

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; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).

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