Architectural, Engineering and Related Services Price Index, fourth quarter 2018
Fourth quarter 2018
Prices for architectural, engineering and related services declined 0.1% in the fourth quarter compared with the previous quarter, when there was no change.
Respondents who reported a price movement the in fourth quarter cited higher input costs as the main reason for price change, which were mostly observed in architectural and landscape architectural services. The increases were offset by flat or lower prices resulting from changes in market demand and changes in the competitive environment.
Lower prices for engineering services
Engineering services, the largest component of the Architectural, Engineering and Related Services Price Index, reported a 0.1% price decrease in the fourth quarter, following a 0.2% decline in the third quarter. The continued decrease in prices was driven by Alberta, which holds the largest weight in the engineering services component of the index.
Steady increase in prices for architectural and landscape architectural services
Prices for architectural and landscape architectural services rose 0.1% in the fourth quarter, following a 0.9% increase in the third quarter.
Prices for architectural and landscape architectural services have been trending upwards since the third quarter of 2016, with the fourth quarter marking 10 consecutive quarterly increase.
No change in prices for surveying and mapping services
Prices for surveying and mapping services were unchanged in the fourth quarter, following a 0.5% increase in the third quarter.
Year over year, the AESPI rose 0.8% as a result of higher prices for architectural and landscape architectural services (+2.5%), surveying and mapping services (+2.0%) and engineering services (+0.4%).
Note to readers
The Architectural, Engineering and Related Services Price Index is a quarterly survey that collects information on the prices of architectural, engineering, surveying and mapping 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.
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).
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