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.
Leading Indicator of Industry Profitability: May 2016
Leading Indicator of Industry Profitability: May 2016
Industry Economic Analysis
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- The index remained unchanged in April. A rising Canadian dollar weakened the outlook for manufacturing exports, but the services sector saw gains.
- After several months of declines, the profitability outlooks for agriculture and oil extraction improved, amid modest gains in commodity prices.
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