Leading Indicator of Industry Profitability: February 2011

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Leading Indicator of Industry Profitability: February 2011

Industry Economic Analysis

Author: Maxim Armstrong

$265.00

The Leading Indicator of Industry Profitability rose 0.6 per cent in January. The gain was identical to what we saw in December, and it marked the strongest consecutive gains in the index’s history, dating back to 2001.

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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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