Consulting Services Price Index, third quarter 2018
Third quarter 2018
Prices for consulting services in Canada declined 0.5% in the third quarter, continuing the downward trend observed since the beginning of 2018.
Prices for management consulting services declined 0.9% in the third quarter, following a decrease of 1.1% in the second quarter. The price index for management consulting services has trended downward since the start of 2018. By contrast, the price index for environmental, scientific and technical consulting services posted its largest quarterly increase (+3.8%) since the series began in 2014.
Since the first quarter of 2018, the price trend for these consulting services has diverged notably from the trend in management consulting services. While the index for environmental, scientific and technical consulting services has increased each quarter in 2018, the index for management consulting services has decreased every quarter since the start of the year. The growth observed for environmental, scientific and technical consulting services coincided with favourable economic conditions in the resource extraction industry in the first half of 2018.
The index rose 2.5% in the third quarter compared with the same quarter in 2017. This was attributable to higher prices, on a year-over-year basis, for both management consulting services (+2.2%) and environmental, scientific and technical consulting services (+4.5%).
Note to readers
The Consulting Services Price Index is a quarterly survey that collects information on the prices of various types of consulting services, such as management, environmental, scientific and technical consulting services.
With each release, data for the previous quarter may have been revised. Data are also subject to an annual revision with the release of second quarter data of the following reference year. The index is not seasonally adjusted. Data are available at the Canada level only.
A Historical Timeline of Canadian Producer Price Statistics
"A Historical Timeline of Canadian Producer Price Statistics," which is part of the Prices Analytical Series (), was created to showcase the key milestones in the history of Canadian producer price statistics. This historical timeline contains answers to questions such as: Who collected Canada's first statistics? What do Canadian producer price indexes measure? 62F0014M
Infographic: Producer Price Indexes at a Glance
The infographic "Producer Price Indexes at a Glance," which is part of Statistics Canada — Infographics (), demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy. 11-627-M
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