Leading Indicator of Industry Profitability: November 2016

Name: Leading Indicator of Industry Profitability: November 2016
SKU: 8431-0405-WEB
Availability: InStock

Canadian Economics

November 10, 2016

Industry Economic Analysis

Author: Richard Forbes

$320.00

The trade sector continues to weaken, with four of its eight industries seeing their indexes drop in October—the most since March 2016. Some retail segments are seeing declines, and the weak Canadian dollar is raising the cost of imported inputs.
The index for residential construction fell for the first time in eight months. Recently implemented rules that tightened mortgage lending standards are weakening the profitability outlook for the industry.

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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.