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Machinery and equipment price indexes
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The Machinery and Equipment Price Index (MEPI) fell by 0.9% in the second quarter. The import component fell by 1.3% over this period, while the domestic component declined by 0.1%. Compared with the second quarter of 2009, the total MEPI was down by 8.3% in the second quarter, with the import component falling by 12.2% and the domestic component declining by 1.5%.
Except for fishing, hunting and trapping (+1.0%), all other industries recorded decreases in prices of machinery and equipment purchased in the second quarter. Finance, insurance and real estate (-1.3%) contributed the most to the total MEPI quarterly decline. The sector's subcomponents that contributed to the decrease included real estate and rental and leasing services (-1.6%) and finance and insurance (-1.2%). The second largest contributor to the total quarterly decrease was manufacturing industries, with a quarterly decline of 0.6%.
Among commodities, price decreases for automobiles, excluding passenger vans (-2.1%) and computers and peripherals equipment such as terminals, printers and storage devices (-2.6%) were the largest contributors to the quarterly decline.
The Canadian dollar appreciated 1.3% against the US dollar in the second quarter, while year over year, it gained 13.6% against its US counterpart. Variations in exchange rates can have a strong influence on the MEPI, given the high weight that imported machinery and equipment have on the index.
Note: This release presents data that are not seasonally adjusted and the indexes published are subject to a four-quarter revision period after dissemination of a given quarter's data.
Available on CANSIM: tables 327-0041 and 327-0042.
Definitions, data sources and methods: survey number 2312.
The second quarter 2010 issue of Capital Expenditure Price Statistics (62-007-X, free) will be available in October.
The machinery and equipment price indexes for the third quarter will be released on November 25.
For more information, or to enquire about the concepts, methods or data quality of this release, contact Client Services (toll-free 1-888-951-4550; 613-951-4550; fax: 613-951-3117; ppd-info-dpp@statcan.gc.ca), Producer Prices Division.
Table 1
| Industries | Relative importance1 | Second quarter 2009 | First quarter 2010p | Second quarter 2010p | First quarter to second quarter 2010 | Second quarter 2009 to second quarter 2010 |
|---|---|---|---|---|---|---|
| (1997=100) | % change | |||||
| Total Machinery and Equipment Price Index | 100.00 | 97.5 | 90.2 | 89.4 | -0.9 | -8.3 |
| Domestic | 32.03 | 109.3 | 107.8 | 107.7 | -0.1 | -1.5 |
| Imported | 67.97 | 92.0 | 81.9 | 80.8 | -1.3 | -12.2 |
| Crop and animal production | 4.07 | 111.0 | 102.5 | 101.5 | -1.0 | -8.6 |
| Forestry and logging | 0.27 | 108.9 | 98.9 | 98.0 | -0.9 | -10.0 |
| Fishing, hunting and trapping | 0.08 | 115.8 | 111.9 | 113.0 | 1.0 | -2.4 |
| Support activities for agriculture and forestry | 0.10 | 108.0 | 100.4 | 99.5 | -0.9 | -7.9 |
| Mines, quarries and oil wells | 4.26 | 116.8 | 107.3 | 106.4 | -0.8 | -8.9 |
| Utilities | 3.55 | 108.7 | 99.8 | 98.9 | -0.9 | -9.0 |
| Construction | 3.54 | 106.5 | 96.7 | 96.0 | -0.7 | -9.9 |
| All manufacturing | 22.34 | 105.1 | 96.2 | 95.6 | -0.6 | -9.0 |
| Trade | 8.38 | 93.3 | 87.7 | 87.0 | -0.8 | -6.8 |
| Transportation (excluding pipeline transportation) | 7.66 | 111.0 | 103.8 | 102.9 | -0.9 | -7.3 |
| Pipeline transportation | 1.18 | 113.8 | 105.6 | 104.8 | -0.8 | -7.9 |
| Warehousing and storage | 0.26 | 114.0 | 107.0 | 106.4 | -0.6 | -6.7 |
| Finance, insurance and real estate | 19.90 | 88.6 | 82.3 | 81.2 | -1.3 | -8.4 |
| Private education services | 0.12 | 81.7 | 74.1 | 73.1 | -1.3 | -10.5 |
| Education services (excluding private), health care and social assistance | 2.09 | 91.7 | 85.1 | 84.5 | -0.7 | -7.9 |
| Other services (excluding public administration) | 16.39 | 83.0 | 77.2 | 76.4 | -1.0 | -8.0 |
| Public administration | 5.81 | 89.4 | 83.6 | 83.0 | -0.7 | -7.2 |
