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Machinery and equipment price indexes
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The Machinery and Equipment Price Index (MEPI) fell 4.1% in the third quarter. The import component fell 6.2% over this period, while the domestic component declined 0.6%. Compared with the third quarter of 2008, the total MEPI increased 5.1%, with the import component rising 6.5%, while the domestic component increased 2.6%.
All industries recorded lower prices for machinery and equipment purchased in the third quarter. The manufacturing sector (-4.5%) contributed the most to the total MEPI quarterly decline. Among the sector's subcomponents, the largest contributors to the quarterly decrease were transportation equipment manufacturing (-4.5%), primary metal and fabricated metal product manufacturing (-4.7%) and paper manufacturing (-3.9%). The second largest contributor to the total quarterly decrease was finance, insurance and real estate (-4.4%).
Among commodities, price declines for other industry specific machinery (-5.4%) and automobiles, excluding passenger vans (-6.1%) were the largest contributors to the quarterly decrease.
The Canadian dollar appreciated 6.4% against the US dollar in the third quarter of 2009, while, year over year, it lost 5.1% 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 has on the index.
Available on CANSIM: tables 327-0041 and 327-0042.
Definitions, data sources and methods: survey number 2312.
The third quarter 2009 issue of Capital Expenditure Price Statistics (62-007-X, free) will be available in January 2010.
For more information or to enquire about the concepts, methods or data quality of this release, contact Client Services (toll-free 1-866-230-2248; 613-951-9606; fax: 613-951-3117; prices-prix@statcan.gc.ca), Producer Prices Division.
Table 1
| Industries | Relative importance | Third quarter 2009p | Second quarter to third quarter 2009 | Third quarter 2008 to third quarter 2009 |
|---|---|---|---|---|
| (1997=100) | % change | |||
| Total machinery and equipment price index | 100.00 | 93.4 | -4.1 | 5.1 |
| Domestic | 32.03 | 108.3 | -0.6 | 2.6 |
| Imported | 67.97 | 86.3 | -6.2 | 6.5 |
| Crop and animal production | 4.07 | 106.0 | -4.5 | 6.9 |
| Forestry and logging | 0.27 | 104.3 | -4.1 | 6.9 |
| Fishing, hunting and trapping | 0.08 | 114.0 | -1.5 | 4.4 |
| Support activities for agriculture and forestry | 0.10 | 103.5 | -4.0 | 6.9 |
| Mines, quarries and oil wells | 4.26 | 111.8 | -4.3 | 6.6 |
| Utilities | 3.55 | 103.9 | -4.3 | 6.8 |
| Construction | 3.54 | 101.5 | -4.7 | 7.3 |
| All manufacturing | 22.34 | 100.4 | -4.5 | 4.9 |
| Trade | 8.38 | 90.0 | -3.3 | 4.0 |
| Transportation (excluding pipeline transportation) | 7.66 | 106.2 | -4.3 | 4.9 |
| Pipeline transportation | 1.18 | 109.3 | -3.8 | 6.6 |
| Warehousing and storage | 0.26 | 109.9 | -3.4 | 5.4 |
| Finance, insurance and real estate | 19.90 | 84.6 | -4.4 | 4.8 |
| Private education services | 0.12 | 77.6 | -4.9 | 5.1 |
| Education services (excluding private), health care and social assistance | 2.09 | 88.0 | -3.7 | 4.9 |
| Other services (excluding public administration) | 16.39 | 79.7 | -3.7 | 3.8 |
| Public administration | 5.81 | 86.2 | -3.3 | 5.5 |
