The 2020 Mid-Year Economic Update_long

Canadian Machinery/Equipment Price Index Down 3.3% in 4Q

The Canadian Machinery and Equipment Price Index stood at 83.8 (1997=100) in the fourth quarter, down 3.3% from the third quarter. The import component index fell 5.1%, while the domestic index edged down 0.5%. Compared with the fourth quarter of 2006, the total MEPI was down 8.1%, as the import index decreased 12.3% while the domestic index edged down 0.8%.


All industries recorded decreases in prices of machinery and equipment purchased in the fourth quarter. Manufacturing industries (-3.9%) contributed the most to the total MEPI quarterly decrease.
Among the sector's subcomponents, the largest contributors to the quarterly decrease were transportation equipment manufacturing (-4.3%), primary metal and fabricated metal ...

The Canadian Machinery and Equipment Price Index stood at 83.8 (1997=100) in the fourth quarter, down 3.3% from the third quarter. The import component index fell 5.1%, while the domestic index edged down 0.5%. Compared with the fourth quarter of 2006, the total MEPI was down 8.1%, as the import index decreased 12.3% while the domestic index edged down 0.8%.

All industries recorded decreases in prices of machinery and equipment purchased in the fourth quarter. Manufacturing industries (-3.9%) contributed the most to the total MEPI quarterly decrease.
Among the sector’s subcomponents, the largest contributors to the quarterly decrease were transportation equipment manufacturing (-4.3%), primary metal and fabricated metal product manufacturing (-3.9%) and paper manufacturing (-2.9%). The second largest contributor to the total quarterly decrease was other services (excluding public administration), which fell 3.4%, with its sub-component, information and cultural industries, falling 3.6%.

Among commodities, price decreases for computers and peripherals (-6.7%) and other industry specific machinery (-4.9%) were the largest contributors to the quarterly decrease. The U.S. dollar depreciated 6.0% against its Canadian counterpart in the fourth quarter of 2007.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com