Leading indicators
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The composite leading index rose 0.6% in February, following a 0.4% gain in January. This was the eighth consecutive monthly increase of the index. In February, 6 of the 10 components rose.
Composite leading indicator
Chart description: Composite leading indicator
The financial components had the largest gains in the month, with the stock market recovering after eight monthly declines and the money supply component continuing to expand. As well, manufacturing was supported by an increase in new orders and the ratio of inventories to sales rose for the fourth consecutive month. Household demand for durable goods also rose, supported by auto sales. The US leading indicator rose as a result of increases in US financial indicators and manufacturing.
The housing component edged down following five monthly gains. Sales of furniture and appliances were also down. Services employment was unchanged and the average workweek was stable after four consecutive increases.
Available without charge in CANSIM: table 377-0003.
Definitions, data sources and methods: survey number 1601.
This release will be reprinted in the April 2012 issue of Canadian Economic Observer, Vol. 25, no. 4 (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 Cyndi Bloskie (613-951-3634; ceo@statcan.gc.ca), Current Economic Analysis Group.
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