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 2013
Leading Indicator of Industry Profitability: August 2013
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability Index has been trending down for the past three months. Weaknesses in the index suggest that corporate profits will experience negative growth over the next six months.
- The number of industries recording declines has increased as well. Of the 49 industries covered, 22 experienced a drop in their indices this month.
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