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 2016
Leading Indicator of Industry Profitability: October 2016
Industry Economic Analysis
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- The Conference Board of Canada’s Leading Indicator of Industry Profitability was unchanged in September, ending the upward momentum in the top-line index that began in April.
- Despite the stability in the overall index, only 19 of the 49 industries tracked recorded gains in their indexes in September, down from 35 in August. The trade sector remains the bright spot, with positive profitability outlooks for six of the sector’s eight industries.
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