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: February 2013
Leading Indicator of Industry Profitability: February 2013
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability Index edged up slightly, by 0.1 per cent in January, continuing its upward trajectory. However, this was the slowest advance in the aggregate index over the past five months, suggesting that corporate profits growth will remain modest in the near term.
- The positive movement in the overall index masks some vulnerabilities in a number of industries: in the past four months, about 20 industries have recorded monthly declines in their indexes.
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