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: August 2011
Leading Indicator of Industry Profitability: August 2011
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability Index experienced a small decline this month, marking its first drop since August 2010. The decline in the index suggests that corporate profits may experience a downturn over the next six months.
- The number of industries recording declines grew. Of the 49 industries covered, 18 saw a drop in their indices this month, the largest number since fall 2009. Negative corporate profitability is anticipated amid the weaker economic recovery both at home and abroad.
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