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

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.

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