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

Released: 2020-01-24

The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index decreased 0.2% in the third quarter, following a 0.6% rise in the second quarter.

Rental prices for construction, transportation, mining, and forestry machinery and equipment were down 0.2%, while rental prices for office and other commercial and industrial machinery and equipment were unchanged.

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 declined 0.1% in the third quarter compared with the same quarter in 2018.

The decrease was the result of lower rental prices for the construction, transportation, mining, and forestry machinery and equipment rental and leasing industry (-0.3%). Prices for the office and other commercial and industrial machinery and equipment rental and leasing industry rose 0.7%, moderating the annual decline.


  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 Price Indexes 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.

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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