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 2016
Leading Indicator of Industry Profitability: June 2016
Industry Economic Analysis
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- The index increased in May for the first time in nine months. Stronger oil prices, a stronger dollar, and rising stock prices all contributed to the improvement.
- Housing starts have begun to slow, and that has trickled down into the real estate services industry, which saw its profitability index decline after 26 consecutive months of expansion.
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