Leading Indicator of Industry Profitability: October 2017

The Conference Board of Canada, October 11, 2017
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The monthly Leading Indicator of Industry Profitability is constructed from high frequency data series. The indicators are designed to be predictive of movements in corporate profitability six months hence. An industry leading index is created for the economy as a whole, as well as for 49 individual sectors within the economy, thus providing coverage for most of the private business activity that takes place in Canada.

Document Highlights

  • In September, The Conference Board of Canada’s Leading Indicator of Industry Profitability experienced its fourth consecutive monthly decline on the heels of a seven-month rise. Rising corporate interest rates remain the main culprit behind the aggregate index’s decline.
  • Most of the 49 industries included in the index displayed positive near-term profit outlooks in September. The trade sector continues to be the main source of strength at the industry level, with all eight of its constituent industries enjoying gains to their respective indexes.

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