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: May 2013
Leading Indicator of Industry Profitability: May 2013
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability Index jumped 0.2 per cent in April. The upward movement in the overall index suggests that the profitability outlook will improve in the near term.
- Of the 49 industries covered in the index, 25 recorded declines in April. With a sizable number of industries still facing a weak profit outlook, the overall corporate profitability index remains vulnerable to any unexpected shocks.
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