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Consulting Services Price Index, second quarter 2016 Released at 8:30 a.m. Eastern time in The Daily, Friday, October 28, 2016 The Consulting Services Price Index (COSPI) was unchanged in the second quarter, following a decline of 1.2% in the previous quarter. The price index for management consulting services, the largest component of the overall COSPI, showed no change in the second quarter, while the price index for environmental, scientific and technical consulting services declined 0.2%. Year-over-year change Year over year, the aggregate COSPI increased 3.0%, as a result of higher prices for both management consulting services (+2.8%) and environmental, scientific and technical consulting services (+3.9%). Chart 1 Consulting Services Price Index index (2014=100) 106 104 102 100 98 96 94 I II III 2014 Source(s): CANSIM table 332-0023. IV I II III 2015 IV I II 2016 The Daily, Friday, October 28, 2016 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. Infographic: Producer Price Indexes at a Glance The infographic, "Producer Price Indexes at a Glance," which is part of Statistics Canada — Infographics (11-627-M), is available. This infographic demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy. Table 1 Consulting Services Price Index Relative importance1 Second quarter 2015r % Consulting Services Price Index Management consulting services Environmental, scientific and technical consulting services2 First quarter 2016r Second quarter 2016p (2014=100) First quarter to second quarter 2016 Second quarter 2015 to second quarter 2016 % change 100.00 84.61 97.3 96.8 100.2 99.5 100.2 99.5 0.0 0.0 3.0 2.8 15.36 100.2 104.3 104.1 -0.2 3.9 r p revised preliminary 1. The relative importance is calculated by dividing the weight of each industry group by the sum of weights. This weight corresponds to the aggregate revenue of establishments at the time of sample selection. 2. This aggregation combines the North American Industry Classification System codes 541620 and 541690. Source(s): CANSIM table 332-0023. Available in CANSIM: table 332-0023. Definitions, data sources and methods: survey number 5194. 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; [email protected]) or Media Relations (613-951-4636; [email protected]). 2 Component of Statistics Canada catalogue no. 11-001-X