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 2013
Leading Indicator of Industry Profitability: September 2013
Industry Sector Economics
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- The Leading Indicator of Industry Profitability has been trending down for four consecutive months, its longest slide since November 2011.
- Of the 49 industries covered, more than half (26) experienced a drop in their indexes in August. That is nine more than in the previous month—the highest number to go from positive to negative outlooks since November 2008.
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