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: April 2015
Leading Indicator of Industry Profitability: April 2015
Industry Economic Analysis
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- The Conference Board of Canada’s Leading Indicator of Industry profitability declined for the second consecutive month in March, falling to 107.6 from a revised 107.7 in February.
- The profit outlook for most industries was negative in March with only 16 of 49 industry indexes improving. The resources industries continued to see their outlook erode on lower commodity prices; the outlook for retail industries was hurt by reduced consumer spending; and the services sector is dealing with a number of factors that are weighing on profitability. Manufacturing was the lone bright spot, as the weaker Canadian dollar continued to support the sector’s near-term outlook.
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