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 2014
Leading Indicator of Industry Profitability: December 2014
Industry Economic Analysis
$310.00
- The Leading Indicator of Industry Profitability increased for the 10th consecutive month in November, going from 108.1 in October to 108.2.
- With oil prices declining due to weak global growth and higher production, the oil industry index has fallen for the fourth consecutive month and is now down 1.7 per cent year-over-year, suggesting a significant decline in the industry’s short-term profit outlook.
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