Leading Indicator of Industry Profitability: April 2016

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Leading Indicator of Industry Profitability: April 2016

Industry Economic Analysis

Author: Cory Renner

$315.00

  • Signal49 Research’s Leading Indicator of Industry Profitability fell again in March, although more industries saw their indexes improve, suggesting a turnaround may be coming.
  • Export-oriented manufacturing industries continue to see their profitability outlook improve, though a rebounding oil price is hurting the outlook of those dependent on oil as an input.
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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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