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: October 2012
Leading Indicator of Industry Profitability: October 2012
Industry Economic Analysis
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- The Leading Indicator of Industry Profitability Index edged up 0.2 per cent in September, marking the first time the index has recorded two consecutive months of gains since June 2011. Even though the index is now at its highest level in 11 months, it is still below where it was a year ago.
- The slow upward movement in the index suggests that industry profitability will likely experience only minor improvements in the near term, as the overall index reflects the lack of momentum in the Canadian economy.
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