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: December 2011
Leading Indicator of Industry Profitability: December 2011
Industry Economic Analysis
$275.00
- The Leading Indicator of Industry Profitability declined further in November, marking five consecutive monthly decreases in the index. On a brighter note, the rate of decline has slowed since its big dip in August.
- The total number of industries experiencing a drop in their indexes fell to 20, down from the 23 the previous month. Although the outlook for corporate profits remains weak, the magnitude of company losses should gradually ease over the near term.
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