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 2015
Leading Indicator of Industry Profitability: June 2015
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability was essentially unchanged in May, rising 0.02 points. The index’s overall performance remains weak, with declines recorded in four of the past six months.
- Of the 49 industries followed by the index, 21 improved in May. However, the manufacturing sector remained the weak spot, with negative profitability outlooks for 11 of the sector’s 17 industries.
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