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.
Document Highlights
Hurt by the continued weakness in the country’s main equity market and additional increases in Canada’s corporate prime interest rate, The Conference Board of Canada’s Leading Indicator of Industry Profitability declined in December, ending the year on a bleak note.
After a string of gains during the summer and fall months, the profitability outlook for the manufacturing sector has worsened amid escalating trade battles, tighter monetary policy, and the anticipation of slower global economic growth.
Overall, 33 of the 49 industries tracked by the index increased in December.
There are no reviews yet.