Leading Indicator of Industry Profitability: August 2017

The Conference Board of Canada, August 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

  • The Conference Board of Canada’s Leading Indicator of Industry Profitability decreased by 0.2 points in July—its second consecutive monthly decline on the heels of a six-month rise.
  • The manufacturing sector posted strong gains, with all but 2 of its 17 industries seeing their indexes rise in July—the most since mid-2014.
  • Within the trade sector, food and beverage stores continued their downward slide. Domestic food prices have been on the rise, dampening grocers’ profitability outlook.

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