Leading Indicator of Industry Profitability: May 2019
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 April—its fourth consecutive monthly increase.
- Just 19 of the 49 industries tracked posted gains in April—the lowest since the financial crisis a decade ago.
- The expected ratification of the Canada–United States–Mexico Agreement this year has brightened the outlook for some export-oriented manufacturers.