Machinery price index rises: StatsCan

By Statistics Canada  November 23, 2011  

Nov. 23, 2011 - The Machinery and Equipment Price Index (MEPI) increased by 0.9 per cent in the third quarter compared with the previous quarter. The import component was up by 1.6 per cent over this period, while the domestic component was unchanged.

All industries posted increases in the prices of machinery and equipment purchased in the third quarter. The largest contributor to the total MEPI quarterly increase was manufacturing (up 1.2 per cent), led by transportation equipment manufacturing (up 1.6 per cent) and primary metal and fabricated product manufacturing (up 1.4 per cent) industries. The second largest contributor to the quarterly increase of the total MEPI was transportation, excluding pipeline transportation (up 1.1 per cent). | READ MORE