Leading Indicator of Industry Profitability: February 2018

The Conference Board of Canada, February 13, 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 in January for its fifth consecutive monthly increase.
  • Strong labour markets are supporting the trade sector, as retail sales were up through November compared with a year ago.
  • The outlook for manufacturers continues to be weakened by higher oil prices and rising interest rates, both of which are increasing costs for firms in the sector.

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