Canadian economy: scenario of moderate growth in the coming months

In its September 7 press release, the Bank of Canada indicated that:

"While Canada’s economy shrank in the second quarter, the Bank still projects a substantial rebound in the second half of this year."

What can we read about the canadian outlook from the leading economic indicators?

Leading indicators from the Macdonald-Laurier Institute, the Conference Board of Canada and the OECD all show that economic conditions will improve in the coming months.

Here is the graph from the September 8 OECD press release:

World economy: slow growth last August

The most recent PMI surveys from Markit Economics show that the world economy keeps expanding, but at a very slow pace. On the positive side, production and new orders growth improved slightly in August.

Link to Markit Economics September 5 press release:
https://www.markiteconomics.com/Survey/PressRelease.mvc/a99df28cccfa40b5b144152ba58ed899

GDP growth in the US for the second quarter of 2016

The Bureau of Economic Analysis will publish July 29 its first estimate of economic growth in the United States during the second quarter of this year. July 15, the New York Fed and the Atlanta Fed  calculate it respectively at 2.2%  and 2.4% (annualised rate), taking into account the most recent data published. GDP growth in the first quarter was estimated, at the end of June, at 1.1% (annualised rate) by the BEA.

Slow growth in Québec actually and in the coming months

The quasi-stagnation of the Desjardins Leading Index continues, according to the most recent analysis published July 14. That means that Quebec's economy grows slowly actually and will continue to grow at that pace in the coming months.


https://www.desjardins.com/ressources/pdf/ipd0716e.pdf?resVer=1464875179000

Modest growth of the US economy for the time being

Three indicators published today, June 23, show that the american economy growth is not vigorous actually and that it will continue like that in the coming months.

The Chicago Fed National Activity Index indicates that growth was below trend in May.

https://www.chicagofed.org/publications/cfnai/index

Markit Economics monthly survey of purchasing managers in the manufacturing industry shows that the activity improved lightly in June but remains subdued.

https://www.markiteconomics.com/Survey//PressRelease.mvc/c7420a52858b4686ae89aa398eafd8ba

The monthly and semestrial evolution of the Conference Board leading economic index point to modest growth in the coming months.

https://www.conference-board.org/data/bcicountry.cfm?cid=1

Slow growth in Québec, according to the Desjardins Leading Index

The Québec economy will continue to grow in the coming months, but at a weak pace; this is, at least, what we can read from the evolution of the DLI in the recent months.

The most recent data on the DLI were published June 14 on the Desjardins website.


https://www.desjardins.com/ressources/pdf/ipd0616e.pdf?resVer=1464875179000

World economy: its growth is still sluggish, according to PMI data

Symptoms of weak growth in the world economy keep showing in PMI data published June 3 on Markit Economics website.

https://www.markiteconomics.com/Survey//PressRelease.mvc/7dbf0ebff0284f2688cd91765242ce6e