Leading Indicator of Industry Profitability: April 2018
The Conference Board of Canada
April 6, 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 March— its seventh consecutive monthly increase.
- Interest rates continue to rise, supporting an improved outlook for bankers but reducing the outlook for most manufacturers.
- The outlook for wholesalers continues to improve. After rising 9.7 per cent in 2017, wholesale sales posted further gains in January.