Leading Indicator of Industry Profitability: March 2018
The Conference Board of Canada
March 9, 2018
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.
- The Conference Board of Canada’s Leading Indicator of Industry Profitability rose in February—its sixth consecutive monthly increase.
- Retail sales finished the year up from 2016, supporting the indexes within retail and wholesale trade.
- Improving business investment has led to a brighter outlook for many industries that sell directly to businesses.