Engineering Services Lead Architectural, Engineering and Related Services Price Index Increase

Economy Services 1

Canada’s Architectural, Engineering and Related Services Price Index (AESPI) edged up 0.2% in Q2 from Q1, as a result of higher prices for engineering services (+0.2%) and architectural services (+0.2%).Prices for surveying and mapping services edged down 0.1% from the previous quarter.Year over year, the AESPI declined 0.3% as a result of lower prices for engineering services (-0.6%) and for surveying and mapping services (-0.6%), which offset higher prices for architectural and landscape architectural services (+2.3%).

The Architectural, Engineering and Related Services Price Index (AESPI) is a longitudinal quarterly survey that collects information on the prices of architectural, engineering, surveying and mapping services.

The AESPI series is a useful indicator of economic activity in the architectural, engineering and related services industry, and can also prove helpful as a supplementary tool for performance evaluation, cost monitoring, contract assessment and benchmark comparisons. In addition, the indexes are used by the Canadian System of National Accounts to arrive at estimates of real value-added for the industry and to measure changes in productivity.
Economy Services 2

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/150908/dq150908a-eng.htm

 

Related Articles

EIN UL ONYX Insight

UL and ONYX Insight Help Extend Wind Asset Life with Expanded Technologies

UL and ONYX Insight are collaborating on an expanded life evaluation program, using UL’s wind forecasting and structural assessment with ONYX Insight’s operations and maintenance expertise and predictive technology to help operators enhance performance — and clean energy generation — from their maturing assets.

 

 

Latest Articles

Changing Scene

  • Federal Investment to Add 989 New Montreal Homes

    Federal Investment to Add 989 New Montreal Homes

    November 18, 2024 The federal government is providing nearly $364 million to help build 989 new homes in Montreal. The announcement took place at 5200 rue de la Savane, in Montreal, which received $100 million dollars through the Apartment Loan Construction Program (ACLP) to build 303 homes and will be operated by Olymbec. This rental building, named Lynk, is designed to… Read More…

  • ABB and NIEDAX Group Announce Completion of Joint Venture with the Formation of Abnex Inc.

    ABB and NIEDAX Group Announce Completion of Joint Venture with the Formation of Abnex Inc.

    November 18, 2024 ABB completed the previously announced 50/50 joint venture with Niedax Group. The Abnex Inc. joint venture (JV) will broaden solutions and advance opportunities in the rapidly growing North American cable management market. Integrating engineering and manufacturing capabilities of ABB’s Installation Products Division with Niedax Group will enable the newly formed company to deliver a… Read More…

  • Ontario Building More Electric Vehicle Charging Stations

    Ontario Building More Electric Vehicle Charging Stations

    November 18, 2024 The Ontario government is building over 1,300 new electric vehicle (EV) charging ports in small and medium-sized communities, marking a major milestone in the province’s plan to increase access to EV chargers outside of large urban centres and support the electrification of transportation across the province. As the province continues to see… Read More…

  • Ontario Investing Over $74 Million Through Next Round of Skills Development Fund Capital Stream

    Ontario Investing Over $74 Million Through Next Round of Skills Development Fund Capital Stream

    November 18, 2024 The Ontario government is launching the second round of its Skills Development Fund (SDF) Capital Stream starting November 29, with over $74 million in available funding to build, expand and retrofit training facilities for workers in the trades, including construction, manufacturing technology and health care. The government is also investing nearly $5 million from the first… Read More…