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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.
The Conference Board of Canada’s Leading Indicator of Industry Profitability rose in May—its 12th consecutive monthly increase.
Many manufacturers are being negatively impacted by the uncertainty surrounding the NAFTA renegotiations.
The recovery in oil prices continues to improve the investment outlook for the oil and gas sector. This is filtering into stronger demand for professional, scientific, and technical services such as engineering and consulting.
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