Leading Indicator of Industry Profitability: April 2017

The Conference Board of Canada, April 10, 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

  • Improved valuations for Canadian companies on the S&P/TSX Composite Index have boosted the profitability outlook in Canada for a fifth consecutive month.
  • Service-producing industries continue to lead the charge, as 14 of the 17 tracked saw their index rise in March. Only nine of the 17 manufacturing industries registered an increase.

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