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: August 2010
Leading Indicator of Industry Profitability: August 2010
Industry Sector Economics
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The outlook for corporate profitability in Canada weakened again in July, with the Leading Indicator of Industry Profitability recording its fourth consecutive month of decline. On a positive note, the rate of decline has slowed as the leading indicator for all industries declined by 0.4 per cent, compared with the 0.6 per cent decline in June.
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