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: July 2010
Leading Indicator of Industry Profitability: July 2010
Industry Economic Analysis
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The outlook for corporate profitability in Canada weakened in June, as the leading indicator for all industries fell 0.7 per cent. The drop was the third significant decline in as many months. Of the 49 industries covered in this survey, 12 recorded a decline in June—slightly more than in the two previous months (11 in May and 9 in April). The reason why the overall index is declining even though the majority of industries are recording increases is that a large share of total profits in Canada is produced by just a few industries.
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