Leading Indicator of Industry Profitability: January 2017

The Conference Board of Canada, January 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

  • After a difficult period during the summer months, the profitability outlook for the manufacturing sector continues to improve as export demand is supported by the low value of the loonie.
  • Higher prices suggest an improving outlook for many goods-producing industries. Oil and natural gas prices increased in December, and the prices of many primary metals have been trending higher in the second half of the year.

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