Leading Indicator of Industry Profitability: February 2017

Name: Leading Indicator of Industry Profitability: February 2017
SKU: 8618-0405-WEB
Availability: InStock

Canadian Economics

February 8, 2017

Industry Economic Analysis

Author: Richard Forbes

$320.00

The leading indicator of industry profitability rose by 0.3 per cent in January, its strongest gain since August 2016.
The service sector posted the strongest gains, with all but 2 of its 17 industries seeing their indexes rise in January—the most since mid-2014.
Within the goods sector, the index for mining led the way. Sales of non-metallic minerals and manufactured primary metals have been on the rise, leading to an improved outlook for miners.

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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.