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: March 2013
Leading Indicator of Industry Profitability: March 2013
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability Index jumped 0.3 per cent in February—the largest monthly gain in two years. At 105.3, the index is at its highest level since it was launched back in 2001.
- The gain in the overall index suggests that the outlook for profitability will remain upbeat in the near term. However, the number of industries recording declines in their indexes has changed little in the past three months. Therefore, it is too early to know whether the most recent results are transient or part of a long-term trend.
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