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: September 2014
Leading Indicator of Industry Profitability: September 2014
Industry Economic Analysis
$310.00
Signal49 Research’s Leading Indicator of Industry Profitability rose 0.1 per cent to 107.9 in August—the seventh consecutive monthly increase. The overall index was pushed higher by an improving labour market, higher equity prices, and the ongoing low interest rate environment.
While most of the industry indexes performed well, the declining profit outlook in the energy industries and the other transportation equipment industry (which includes the aerospace industry) highlights weaknesses in some important Canadian industries.
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