Leading Indicator of Industry Profitability: September 2016

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Leading Indicator of Industry Profitability: September 2016

Industry Economic Analysis

Author: Richard Forbes

$320.00

  • Another month of improvement for every industry within the retail trade sector pushed the profitability index to its fifth consecutive monthly increase.
  • A strong housing market and historically high automotive sales are bolstering the demand for services within the finance- and insurance-related industries.
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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.

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