Leading Indicator of Industry Profitability: August 2018

The Conference Board of Canada, August 20, 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 posted its eleventh consecutive monthly gain in July. Gains in Canada’s headline equity market index and improvements to its labour market were among the developments that supported the index’s increase.
  • Of the 49 industries included in the index, 31 improved in July. The manufacturing sector has become the main source of strength at the industry level, with 13 of its 17 constituent industries displaying positive near-term profit outlooks.

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