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Canada December Composite Leading Indicators (Text)

Following is the text of Canada's leading indicators report from Statistics Canada.

The composite leading index increased 0.8% in December, following a 0.9% gain the previous month. The increase was broad-based with 8 of the 10 components rising.

Composite leading indicator

Manufacturing increased across the board for the second consecutive month, with autos providing a substantial boost, and retail sales of durable goods increased for a sixth straight month. Housing, services employment, and money supply growth also contributed positively to the increase, while the US leading indicator rose again on the strength of financial indicators, building permits and consumer confidence in the United States.

In contrast, the stock market continued to decline, its seventh consecutive monthly decrease. Furniture sales were also down.

To contact the reporter on this story: Ilan Kolet in Ottawa at ikolet@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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