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: February 2012
Leading Indicator of Industry Profitability: February 2012
Industry Economic Analysis
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- Following five consecutive months of negative growth and one of no growth, the Leading Indicator of Industry Profitability edged higher in January 2012.
- Of the 49 industries covered in the index, just 17 recorded losses in January—the lowest number in the past six months.
- Although it is still too early to determine whether the halt in the index’s decline signals the start of a sustained recovery in industry profitability, the drop in the number of industries posting negative financial results is encouraging for the near-term profitability outlook.
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