Leading Indicator of Industry Profitability: November 2017

The Conference Board of Canada, November 9, 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 rose 0.3 points in October—its second consecutive monthly increase.
  • The trade sector showed the strongest gains, as retailers and wholesalers are benefiting from a stronger Canadian dollar.
  • Pulp and paper prices, which reached historic highs earlier in the year, have declined in recent months, leading to a reduced outlook for paper manufacturers.

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