Leading indicators
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The composite leading index rose 0.8% in March, after a 1.1% gain in February. Among the 10 components, 8 advanced in March, 1 less than in February.
The stock market and the housing index posted the largest gains, with increases of 2.2% and 2.0% respectively. Furniture and appliance sales increased 0.6%, while sales of other durable goods rose 0.3%.
The ratio of manufacturing shipments to inventories rose for the second straight month, as shipments turned up while stocks fell. The average workweek at factories rose for the third month in a row. New orders for durable goods fell 0.6%, after a rebound in February.
Available on CANSIM: table 377-0003.
Definitions, data sources and methods: survey number 1601.
This release will be reprinted in the May 2011 issue of Canadian Economic Observer, Vol. 24, no. 5 (11-010-X, free). 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.
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