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Construction and Heavy Equipment

Producer Price Index

October 20,2006

New producer price index for the construction, mining, and forestry machinery and equipment rental and leasing industry-NAICS 532412

PPI Detailed Report, Jan, 2005

In January 2005, in its ongoing effort to expand service sector coverage in the Producer Price Index, the Bureau of Labor Statistics (BLS) introduced a new price index for NAICS 532412--Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing. These data appear in table 5 of this publication and are available online through the BLS homepage: These indexes include data back to December 2003.

The indexes for this industry measure changes in revenue received by companies that rent and lease the aforementioned machinery and equipment. Each month, respondents provide price data for current rental contracts or short-term lease contracts to BLS using a standard price-update methodology that has been in place for 13 years, tracking prices received by the industries for passenger car rental (NAICS 532111) and truck, utility trailer, and RV rental and leasing (NAICS 532120). This price-update methodology uses actual transaction prices for contracts when that information is available, but when no transactions for a sampled contract have taken place, respondents estimate what the net transaction price would have been based on prices for similar transactions.