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: July 2011
Leading Indicator of Industry Profitability: July 2011
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability Index was little changed this month, marking two consecutive months in which growth has stalled. That suggests corporate profits will see little or no improvement over the second half of this year.
- Also troubling is the fact that the number of industries posting gains in their indexes is shrinking. Of the 49 industries covered here, 33 recorded increases this month. That is the lowest number since last fall. Corporate profitability is struggling to maintain its positive momentum in the face of strong economic headwinds.
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