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 2015
Leading Indicator of Industry Profitability: February 2015
Industry Economic Analysis
$310.00
- The Leading Indicator of Industry Profitability increased to 108.5 in January as a bright labour market, a drop in the prime interest rate, and a small recovery in equity prices offset the ongoing fall in commodity prices.
- Of the 49 industries followed by the index, 35 increased in January. The goods-producing industries lagged behind the rest of the index as lower commodity prices, led by weak energy prices, pushed them lower.
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