Scotiabank Business Overview and Economic Outlook
Consumer and Business Activity
Business Confidence - CFIB Business Barometer
Key Economic Indicators
140
80
index, Feb 2020 levels = 100
index, 50 stronger
120
70
3-month moving
100
average
60
60
80
60
50
40
40
40
20
Headline index
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct Nov Dec
Auto Sales
Housing Starts
Employment
30
6-month moving
average
Mfg Shipments
Retail Sales
Manufacturing PMI
20
20
11
Exports
12
15
Sources: Scotiabank Economics, CFIB.
13
14
16
17
18
19
20
21
Sources: Scotiabank Economics, Bloomberg.
Canada Auto Sales
mn, saar units
2.0
1.8
1.6
1.4
1.2
1.0
0.8
Canada Real Retail Sales
110
Feb 2020-100
105
100
95
90
85
80
वैजै
75
0.6
70
65
0.4
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21
60
Sources: Scotiabank Economics, DesRosiers Automotive Consultants Inc.
Jan-19 Apr-19 Jul-19 Oct-19
Sources: Scotiabank Economics, Statistics Canada.
Jan-20
Apr-20
Jul-20
Oct-20
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