Leading Indicator of Industry Profitability: December 2017

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Leading Indicator of Industry Profitability: December 2017

Industry Economic Analysis

Author: Richard Forbes

$325.00

  • Signal49 Research’s Leading Indicator of Industry Profitability rose to 108.5 in November—its third consecutive monthly increase.
  • All seven industries in the goods sector posted gains. Higher commodity prices are benefiting most industries in the sector.
  • The trade sector continued its impressive stretch, led by strong retail sales, which were up 6.8 per cent from a year ago.
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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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