While costs for the five equipment items which make up the Nelson-Farrar miscellaneous equipment cost index were mixed during 2014-15, the overall index ended the period stronger at 1,355.5 in December 2015 vs. 1,337.6 in January 2014.
Gary Farrar Contributing Editor
While costs for the five equipment items which make up the Nelson-Farrar miscellaneous equipment cost index were mixed during 2014-15, the overall index ended the period stronger at 1,355.5 in December 2015 vs. 1,337.6 in January 2014.
Of the components included in the equipment average, pumps & compressors experienced the greatest increase, rising to 2,323.7 in December 2015 from 2,251.9 in January 2014.
Electrical machinery ended the timeframe slightly weaker, falling to 515.0 in December 2015 from 516.4 in January 2014.
Engines rose across the period to 1,064.7 from 1,047.7, while heat exchangers remained steady during 2014-15 at 1,305.0.
After dropping to 1,532.3 in December 2014 from 1,567.0 in January 2014, the index average for instruments rebounded to end December 2015 stronger at 1,569.2.
