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: January 2015
Leading Indicator of Industry Profitability: January 2015
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability fell to 108.0 in December, the first drop in the overall index since January, as the fall in commodity and equity prices and a jump in the prime interest rate offset the brighter labour market.
- While the oil extraction index continued to fall on weak prices, the profit outlook for the manufacturing, retail, and service sectors has remained strong. Overall, 34 of the 49 industries tracked by the index increased in December.
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