Statistics Canada
www.statcan.gc.ca
Common menu bar links
Leading indicators
Archived Content
Information identified as archived on the Web is for reference, research or recordkeeping purposes. It has not been altered or updated after the date of archiving. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats on the "Contact Us" page.
The composite leading index rose by 0.2% in August after no change in July. Overall, 5 of the 10 components expanded, while 2 were unchanged and 3 declined.
Household demand has remained the most consistent source of growth in recent months. Sales of furniture and appliances grew steadily, helped by a steady housing market. Housing starts rebounded in August. Meanwhile, personal services have become the main prop to growth in services employment. Sales of other durable goods were an exception to the strength in household spending, reflecting slower auto sales over the summer in response to record gasoline prices.
Manufacturing continued to recover from a weak start to the year. New orders expanded for the third time in four months, led by aerospace and capital goods, notably iron and steel, where orders have nearly doubled in the past year. The average workweek increased for the first time since April 2007.
Available on CANSIM: table 377-0003.
Definitions, data sources and methods: survey number 1601.
This release will be reprinted in the October 2008 issue of Canadian Economic Observer, Vol. 21, no. 10 (11-010-XIB, free), which will soon be available. For more information on the economy, consult the Canadian Economic Observer.
For more information, or to enquire about the concepts, methods or data quality of this release, contact Philip Cross (613-951-9162; ceo@statcan.gc.ca), Current Economic Analysis Group.
Table(s).
