Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index, fourth quarter 2014
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Released: 2015-04-23
The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index declined 0.3% in the fourth quarter. It was the first quarterly decrease since the fourth quarter of 2013.
The heavy machinery and equipment (construction, transportation, mining and forestry) component declined 0.6% while the office and other commercial and industrial machinery and equipment component increased 0.3%.
Chart 1
Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index
The index was up 1.0% in the fourth quarter compared with the same quarter of 2013, reflecting large increases in the first half 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 combine the North American Industry Classification System codes 53242 and 53249.
The Commercial and Industrial Machinery and Equipment Rental and Leasing Services Price Index for the first quarter will be released in July.
Contact information
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