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.
Documents Highlights
- The leading indicator of industry profitability continued to head lower in June as the impacts of the European debt crisis on global economic growth worsened.
- In sharp contrast to what we are seeing in the U.S., China, and Europe, the Canadian manufacturing sector performed particularly well in June, which translated into a brighter profitability outlook for manufacturing as well as for the trucking and other transportation services industries.
