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 2017
Leading Indicator of Industry Profitability: June 2017
Industry Economic Analysis
$325.00
The Leading Indicator of Industry Profitability rose to 108.2 in May, up from a revised 108.1 the previous month. The increase was driven by employment, which was up 0.5 per cent in March—its strongest gain in eight months. While the prime corporate three-month paper rate inched upward in April, it remains four basis points below where it was in early 2017, easing borrowing expenses for firms.
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