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: January 2012
Leading Indicator of Industry Profitability: January 2012
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability continued to slump in December, marking six consecutive monthly decreases in the index. The weakness suggests that corporate profits will remain moderate over the next six months.
- On a more positive note, the number of industries posting declines in their index is shrinking. Of the 49 industries covered, 21 recorded losses in December—the lowest number in four months. This could be a sign that the overall corporate profitability index will start to turn around shortly.
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