Leading Indicator of Industry Profitability: December 2013

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Leading Indicator of Industry Profitability: December 2013

Industry Economic Analysis

Author: Signal49 Research

$305.00

  • The leading Indicator of Industrial Profitability rose 0.6 per cent in November. This was the strongest monthly gain since the summer of 2009, when the economy was beginning to rebound from the effects of the recession.
  • The outlook for Canada’s manufacturing industries improved considerably in November, as the Canadian dollar retreated on a softer monetary policy stance from the Bank of Canada and an improved outlook for the U.S. economy.
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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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