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 2016
Leading Indicator of Industry Profitability: August 2016
Industry Economic Analysis
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- The Conference Board of Canada’s Leading Indicator of Industry Profitability increased in July—its fourth consecutive monthly increase following declines in the previous seven months.
- Of the 49 industries included in the index, 27 improved in July. The trade sector continues to be the main source of strength at the industry level, with all 8 of its constituent industries displaying positive near-term profit outlooks.
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