Shipbuilding and repair expenses are major costs in providing water transportation services.
|Price Index (Jan-92=100)||Oct-01||Oct-02|
|Self-propelled ships (new, nonmilitary)||123.9||126.5|
|Self-propelled ships (new, nonmilitary) percent change from same month previous year||0.50||2.11|
|Ship building and repairing||120.4||123.8|
|Ship building and repairing percent change from same month previous year||1.58||2.83|
|Ship repair, conversion, reconversion (nonmilitary)||121.0||123.7|
|Ship repair, conversion, reconversion (nonmilitary) percent change from same month previous year||1.55||2.26|
NOTES: The current value is compared to the value from the same period in the previous year to account for seasonality.
The base period of the original index is December 1985. January 1992 is set to be the new reference point (=100) by dividing the values of the original index by the value of January 1992 in the original index. It is important to point out that this process changes only the reference point, and not the base period of the index because the weight structure of the index did not change.
Data from July 2002 to October 2002 are preliminary. Data for new, nonmilitary self-propelled ships was not available for November 2001 or June 2002.
SOURCE: U.S. Department of Labor, Bureau of Labor Statistics; December 4, 2002; available at: http://www.bls.gov/ppi/.