Leading Indicator of Industry Profitability: May 2017

The Conference Board of Canada, May 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

  • The Conference Board of Canada’s Leading Indicator of Industry Profitability increased by 0.1 points in April—its sixth consecutive monthly increase and 10th increase over the past year.
  • Of the 49 industries included in the index, 34 improved in April. The trade sector continues to be the main source of strength at the industry level, with positive near-term profit outlooks for seven of its eight industries.

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