The Daily
|
 In the news  Indicators  Releases by subject
 Special interest  Release schedule  Information

Consulting Services Price Index, third quarter 2018

Released: 2019-01-29

Consulting Services Price Index

Third quarter 2018

-0.5% decrease

(quarterly change)

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.

Year-over-year change

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%).

Chart 1  Chart 1: Consulting Services Price Index
Consulting Services Price Index


  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 (Catalogue number62F0014M), 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?

Infographic: Producer Price Indexes at a Glance

The infographic "Producer Price Indexes at a Glance," which is part of Statistics Canada — Infographics (Catalogue number11-627-M), demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy.

Contact information

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).

Date modified: