Leading Indicator of Industry Profitability: December 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.
The Leading Indicator of Industry Profitability increased by 0.5 per cent in November, the second consecutive increase. (The previously announced 0.1 per cent drop in October has since been revised to a 0.2 per cent increase.)
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