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: November 2013
Leading Indicator of Industry Profitability: November 2013
Industry Economic Analysis
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- After modest increases in August and September, the index posted a strong gain of 0.7 points in October—the largest monthly increase in the index since late 2009 when the economy was recovering from the worst of the global recession.
- On an industrial level, the short-term profitability outlook has seen wide-spread improvements, with 32 of the 49 sectors posting a gain in October and 33 increasing in each of the last three months.
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