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: June 2013
Leading Indicator of Industry Profitability: June 2013
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability Index advanced by 0.1 per cent in May—the smallest increase in nine months. Even so, the upward movement in the overall index suggests that the profitability outlook should improve in the near term, albeit only marginally.
- Declines were recorded in 21 of the 49 industries covered in the index in May, a significant improvement from last month where 28 industries reported negative financials.
- However, a swoon in manufacturing-based industries and persistent weakness in the utility and mining industries is limiting the gains in the index.
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