Leading indicators
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The composite leading index increased 0.8% in December, following a 0.9% gain the previous month. The increase was broad-based with 8 of the 10 components rising.
Composite leading indicator
Chart description: Composite leading indicator
Manufacturing increased across the board for the second consecutive month, with autos providing a substantial boost, and retail sales of durable goods increased for a sixth straight month. Housing, services employment, and money supply growth also contributed positively to the increase, while the US leading indicator rose again on the strength of financial indicators, building permits and consumer confidence in the United States.
In contrast, the stock market continued to decline, its seventh consecutive monthly decrease. Furniture sales were also down.
Available on CANSIM: table 377-0003.
Definitions, data sources and methods: survey number 1601.
This release will be reprinted in the February 2012 issue of Canadian Economic Observer, Vol. 25, no. 2 (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 Diana Wyman (613-951-4886; ceo@statcan.gc.ca), Current Economic Analysis Group.
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