Leading Economic Index

Leading Economic Index measures the average of future economic activity that tracks inventory ratios, machinery orders, inventory stock prices and other economic indicators that are categorized as leading and anticipate economic trends. All else equal, an index reading above 100 is positive for the economy whereas a reading below 100 is seen as negative. Leading Economic Index in Canada reached an all-time high of 1.20% in September of 2003 and a record low of -1.40% in December of 2008.