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Random article: New Housing Price Index
New Housing Price Index (NHPI) – this economic indicator enables tracing change in prices for building new houses in Canada. NHPI reflects fluctuation dynamic of prices of transactions between contractor and purchaser in the moment of buying of a new house. The index helps to trace changes in price for similar houses. Prices submitted by vendors (or building companies) serve for measurement of this figure. Those market price do not account for taxes or prices for supplementary goods and services. Index publication has a limited impact on the market. Its growth is favorable for consolidation of national currency.
Popular article: ISM Service Index
Service Index published by the Institute for Supply Management represents results of surveying service managers, which serves the basis for conclusion about development tendencies of this branch. The value below “45-50” reveals negative tendencies. However, often the value is more influenced by psychological factors than real state of business. This is explained by constant speed of changes in the process of service consumption, whereas surges in index value take place exactly because of psychological factors. Such sharp fluctuations are considered in analysis of index value.
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