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: June 2010
Leading Indicator of Industry Profitability: June 2010
Industry Sector Economics
$265.00
- The outlook for corporate profitability in Canada weakened again in May, with the leading indicator for all industries falling 0.4 per cent for a second month in a row.
- The decline suggests that after experiencing a strong post-recession recovery, corporate profitability will weaken modestly in the second half of the year, as interest rates rise.
- The outlook for most industries remains positive, but their rates of profit growth are expected to slow.