Leading Indicator of Industry Profitability: January 2018

The Conference Board of Canada, January 17, 2018
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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 rose to 109.2 in December—its third consecutive monthly increase.
  • The trade sector continued its strong run, as retail sales surged due to strong growth in consumer expenditures.
  • Oil prices have surged in recent months, supporting an improved outlook for oil extraction but tempering the outlook for some manufacturers.

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