By CountingPips.com
Canada’s Leading Indicators rose for the 13th straight month in June, according to a report from Statistics Canada today. The Leading Indicator Index, which is a measure of future economic activity, increased by 1.0 percent in June following a revised increase of 1.1 percent in May. The index has now increased every month going back to June 2009.
Eight out of ten of the measured sectors that make up the leading indicator index showed increases for the month. Durable goods orders was the leading sector with a gain of 2.3 percent while the money supply and average workweek both increased by 0.8 percent. The US Conference Board indicator rose by 0.5 percent and business & personal services employment advanced by 0.4 percent for the month.
The housing index indicator was the largest negative contributor for the month with a decrease by 1.9 percent while other durable goods sales fell by 0.5 percent.
