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: October 2011
Leading Indicator of Industry Profitability: October 2011
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability declined for the third consecutive month in September. While the drop was once again modest, the rate of decline is accelerating. The weakness in the index suggests that corporate profits will be negative over the next six months.
- The number of industries recording losses is increasing. Of the 49 industries covered here, 28 recorded a drop in their indexes. That’s the highest number since June 2009.
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