Canada's composite leading indicator rose 0.3% in April, matching March's gain, its 10th straight monthly increase; seven of 10 components advanced
May 23, 2012
– The composite leading indicator rose 0.3% in April, matching the increase in March. This was the 10th consecutive monthly increase. Of the 10 components, 7 advanced in the month.
The components related to household demand supported the increase in April, led by a rise in housing starts. Both furniture sales and sales of other durable goods posted a third monthly gain. The financial components remained positive, as did employment in services. The average workweek, however, declined after being flat in the two previous months. The United States leading indicator rose for the third straight month, supported by its financial components and building permits.
In manufacturing, new orders fell for the second month in a row, while the ratio of shipments to inventories was unchanged.