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: September 2012
Leading Indicator of Industry Profitability: September 2012
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability Index edged up 0.2 per cent in August. Although modest, it was the largest gain since March 2011 for the index that has seen little change for much of the past year.
- The limited movement in the overall index mirrors the performance of the Canadian economy, which continues to post only modest growth. The index results suggest that any major changes in the profitability outlook are unlikely in the near term.
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