Leading Indicator of Industry Profitability: November 2010
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.
At this stage of the recovery, not many indicators are showing flamboyant growth—but not many are showing large declines either. The Leading Indicator of Industry Profitability dropped 0.1 percentage points in October, as there was little change in any of the underlying components.
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