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 2014
Leading Indicator of Industry Profitability: November 2014
Industry Economic Analysis
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- The Conference Board of Canada’s Leading Indicator of Industry Profitability increased to 108.3 in October from a revised 108.2 in September. The industry indexes also performed well, with 40 of 49 industries seeing their short-term profit outlook improve.
- The overall index was supported by an improving labour market, which offset the drop in equity and commodity prices. Higher payrolls and lower unemployment also supported the outlook for the service and retail sectors.
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