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: December 2015
Leading Indicator of Industry Profitability: December 2015
Industry Sector Economics
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- The Conference Board of Canada’s Leading Indicator of Industry Profitability worsened in November, falling 0.4 points. Weakness in the Canadian equity market, and further increases in Canada’s corporate prime interest rate weighed on the top-line index, which has now declined for a third straight month.
- In spite of the decline in the overall index, the outlook at the industrial level has remained stable. However, the outlook for individual industries is far from positive, with 25 of the 49 industries displaying negative near-term profitability outlooks.
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