Leading Indicator of Industry Profitability: June 2018
The Conference Board of Canada
June 13, 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 May—its ninth consecutive monthly increase.
- An uptick in the loonie relative to the U.S. dollar has led to an improved outlook for many retailers.
- Recovering oil prices are benefiting many professional services firms, including engineering and consulting.