The index of leading indicators in Canada rose by 0,8%

The index of leading economic indicators in Canada rose by 0.8% in February. The growth rate has continued for the ninth consecutive month, driven by strong domestic demand and a recovery rate of industrial production.

Nine of the ten components of the index rose in the reporting period. In January, the index increased by 0,7%, while growth was observed on the eight components.

In February, was recorded the fastest over the past three years, growth in sales of furniture and home accessories. Sales of other durable goods rose by 0,7%.

The gradual restoration of the U.S. economy promotes the growth of industrial orders in Canada, which increased in February by 6,2%.