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Macdonald-Laurier Institute

Declines in household sector most pronounced: MLI’s Leading Economic Indicator

October 1, 2018
in In the Media, Latest News, Leading Economic Indicator, Philip Cross, Releases
Reading Time: 1 min read
A A

OTTAWA, ON (October 1, 2018): The Macdonald-Laurier Institute’s Leading Economic Indicator (LEI), a tool designed to predict changes in the Canadian business cycle, increased by 0.1 percent in August.

The balance of positive and negative forces in the economy was reflected in an equal number of the ten components posting increases and decreases.

According to LEI author and MLI Munk Senior Fellow Philip Cross, declines were most pronounced for the household sector, “where consumer confidence fell for the sixth straight month as housing continued to slump.”

Meanwhile, softer labour market conditions were reflected in higher claims for employment insurance.

“Both manufacturing components also lost ground,” noted Cross. Growth was buoyed by the US economy, which supported higher commodity and stock market prices.

To learn more about the leading economic indicator, click here.

For more information, media are invited to contact:

David Watson
Managing Editor and Director of Communications
613-482-8327  x103
david.watson@macdonaldlaurier.ca

Tags: economyLEIPhilip Cross
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    • Domestic Policy Program
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      • Canada’s Political Tradition
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    • Foreign Policy Program
      • Foreign Affairs
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  • Projects
    • COVID and after: A mandate for recovery
    • COVID Misery Index
      • Beyond Lockdown
    • Provincial COVID Misery Index
    • Centre for Advancing Canada’s Interests Abroad
      • Dragon at the Door
      • The Eavesdropping Dragon: Huawei
    • An Intellectual Property Strategy for Canada
    • Speak for Ourselves
    • Canada and the Indo-Pacific Initiative
    • DisInfoWatch.org
    • The Transatlantic Program
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Talkin’ in the Free World with Mariam Memarsadeghi
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      • Justice Report Card
      • Munk Senior Fellows
      • A Mandate for Canada
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