E-Library

Leading Indicator of Industry Profitability: February 2019 The Conference Board of Canada, February 11, 2019 Website by Klaus Edenhoffer

Leading Indicator of Industry Profitability: February 2019

The Conference Board of Canada, February 11, 2019
Website by Klaus Edenhoffer

1 2 3 4 5	5.0/5 based on 1 review

(You must be signed in and entitled to rate this report)

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 Supported by a turnaround in the stock market and low unemployment rates, The Conference Board of Canada’s Leading Indicator of Industry Profitability stabilized in January, holding steady at its December value. The persistent weakness in Canada’s oil sector is contributing to the weakness in the loonie. That benefits export industries but also increases prices for industries that rely on imported inputs. Overall, 34 of the 49 industries tracked by the index increased in January.

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

Supported by a turnaround in the stock market and low unemployment rates, The Conference Board of Canada’s Leading Indicator of Industry Profitability stabilized in January, holding steady at its December value.
The persistent weakness in Canada’s oil sector is contributing to the weakness in the loonie. That benefits export industries but also increases prices for industries that rely on imported inputs.
Overall, 34 of the 49 industries tracked by the index increased in January.

To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.