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 2014
Leading Indicator of Industry Profitability: January 2014
Industry Economic Analysis
$305.00
- The Leading Indicator of Industry Profitability increased for the fourth consecutive month, rising from 106.3 to 106.7, up 1 per cent for the year and 0.4 per cent for the month.
- The top-line index was driven by a broad improvement in a number of macroeconomic variables. December saw the unemployment rate and interest rates decline, while the Canadian dollar weakened.
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