Bloomberg News

Canada Leading Economic Indicators Rose 0.8% on Factory Orders

December 14, 2011

Dec. 14 (Bloomberg) -- Canada’s index of leading economic indicators rose for a fifth consecutive month in November on rising orders for manufacturers.

The index rose 0.8 percent, Ottawa-based Statistics Canada said today, following an October gain of 0.3 percent that was revised up from an initial estimate of 0.2 percent.

Economists surveyed by Bloomberg News forecast the index would rise 0.3 percent, based on the median of nine estimates. The index’s average increase over the past decade is 0.4 percent.

Eight of the 10 components increased in November, including a 4.1 percent gain in new factory orders.

--With assistance from Ilan Kolet in Ottawa. Editor: Paul Badertscher

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editors responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net; David Scanlan at dscanlan@bloomberg.net.


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