Leading Indicator of Industry Profitability: September 2017

The Conference Board of Canada, September 11, 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 strong start to 2017, The Conference Board of Canada’s Leading Indicator of Industry Profitability fell 0.3 points in August—its third consecutive monthly decline.
  • Metal prices, which had been trending upward for over a year, have stalled in recent months, leading to a reduced outlook for the mining sector.
  • Food services continue to benefit from strong consumer spending. Receipts are up nearly 5 per cent in 2017 and continue to reach historic highs.

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