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Business Barometer®Agriculture
Data presented as 3-month moving averages unless otherwise specified. Resp= 841. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234© Canadian Federation of Independent Business
September 2019
51.2
59.3
30
35
40
45
50
55
60
65
70
75
80
85Index (0-100)
Agriculture Canada
98
0
5
10
15
20
25
30
35
40 % response
Down
Up
Bad9
Good
48
0
10
20
30
40
50
60
70
80% response
31
16
26
29
29
21
16
4
15
23
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
6949
24
23
19
54
41
4
44
62
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Natural resources
Data presented as 3-month moving averages unless otherwise specified. Resp= 351. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
61.459.3
25303540455055606570758085
Index (0-100)
Natural resources Canada
Up
37
Down18
0
10
20
30
40
50
60
70
80 % response
Bad 21
Good
33
0
10
20
30
40
50
60
70
80% response
47
15
16
43
30
12
25
7
126
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
7757
28
25
17
19
36
13
55
66
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Construction
Data presented as 3-month moving averages unless otherwise specified. Resp= 2221. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
55.9
59.3
30
35
40
45
50
55
60
65
70
75
80
85
Index (0-100)
Construction Canada
Up
25
Down
23
0
10
20
30
40
50 % response
Bad15
Good
38
0
10
20
30
40
50
60
70
80% response
32
3
3
59
34
29
18
2
3
6
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
6755
21
26
11
23
21
13
57
69
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Manufacturing
Data presented as 3-month moving averages unless otherwise specified. Resp= 2491. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234© Canadian Federation of Independent Business
September 2019
60.6
59.3
30
35
40
45
50
55
60
65
70
75
80
85
Index (0-100)
Manufacturing Canada
Up
24
Down
13
0
5
10
15
20
25
30
35
40 % response
Bad
9
Good
47
0
10
20
30
40
50
60
70
80% response
35
12
22
45
30
27
17
6
10
22
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
48
52
19
28
29
40
25
17
40
61
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Wholesale
Data presented as 3-month moving averages unless otherwise specified. Resp= 1511. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
57.959.3
30
35
40
45
50
55
60
65
70
75
80
85
Index (0-100)
Wholesale Canada
Up
14
Down
14
0
5
10
15
20
25
30
35
40 % response
Bad
13
Good
40
0
10
20
30
40
50
60
70
80% response
40
6
21
35
25
25
17
6
17
14
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
5452
21
33
46
32
19
18
47
63
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Retail
Resp= 1421. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Simon Gaudreault, senior economist, 514 861-3234
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
55.359.3
303540455055606570758085
Index (0-100)
Retail Canada
413
0
5
10
15
20
25
30
35
40 % response
Up
Down
Bad
17
Good
33
0
10
20
30
40
50
60
70
80% response
38
3
13
32
22
24
20
5
11
22
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
5161
22
42
24
28
17
26
46
60
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Transportation
Data presented as 3-month moving averages unless otherwise specified. Resp= 501. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
50.0
59.3
25303540455055606570758085
Index (0-100)
Transportation Canada
Up
13
Down
13
0
5
10
15
20
25
30
35
40 % response
Bad
11
Good
40
0
10
20
30
40
50
60
70
80% response
30
8
8
47
30
17
22
4
5
13
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
6758
23
24
17
16
31
17
59
65
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Information, arts, recr.
Data presented as 3-month moving averages unless otherwise specified. Resp= 501. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
66.0
59.3
30
35
40
45
50
55
60
65
70
75
80
85Index (0-100)
Information, arts, recr. Canada
Up
10
Down
12
0
5
10
15
20
25
30
35
40 % response
Bad12
Good
35
0
10
20
30
40
50
60
70
80% response
31
5
5
31
22
31
26
4
5
22
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
4765
20
38
15
13
21
25
47
63
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Fin., insur., real estate
Data presented as 3-month moving averages unless otherwise specified. Resp= 701. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
62.9
59.3
30
35
40
45
50
55
60
65
70
75
80
85
Index (0-100)
Fin., insur., real estate Canada
Up
20
Down8
0
5
10
15
20
25
30
35
40 % response
Bad
8
Good 64
0
10
20
30
40
50
60
70
80% response
26
2
5
38
15
35
15
2
10
7
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
3752
21
30
10
11
27
20
36
71
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Prof.& enterprise serv.
Data presented as 3-month moving averages unless otherwise specified. Resp= 2151. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
72.3
59.3
30
35
40
45
50
55
60
65
70
75
80
85
Index (0-100)
Prof.& enterprise serv. Canada
Up
22
Down
9
0
5
10
15
20
25
30
35
40 % response
Bad
9
Good
48
0
10
20
30
40
50
60
70
80% response
27
8
8
55
13
38
15
3
4
13
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
4765
20
38
15
13
21
25
47
63
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Health & educ. serv.
Data presented as 3-month moving averages unless otherwise specified. Resp= 661. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
68.9
59.3
30
35
40
45
50
55
60
65
70
75
80
85
Index (0-100)
Health & educ. serv. Canada
Up18
Down
8
0
5
10
15
20
25
30
35
40 % response
Bad
10
Good
52
0
10
20
30
40
50
60
70
80% response
20
2
5
38
14
26
16
3
4
18
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
2760
28
41
7
13
28
28
47
59
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Hospitality
Data presented as 2-month moving averages unless otherwise specified. Resp= 781. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234
© Canadian Federation of Independent Business
September 2019
60.359.3
30
35
40
45
50
55
60
65
70
75
80
85
Index (0-100)
Hospitality Canada
Up
13
Down31
0
5
10
15
20
25
30
35
40% response
Bad
15
Good
41
0
10
20
30
40
50
60
70
80% response
31
63
36
45
22
22
2
4
23
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
5475
24
43
5
33
21
26
52
65
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Business Barometer®Personal services
Data presented as 3-month moving averages unless otherwise specified. Resp= 2021. Business Barometer Index
Index Mthly chg
Canada 59.3 -1.3Agriculture 51.2 -0.2Natural resources 61.4 2.8Construction 55.9 -1.5Manufacturing 60.6 -2.2Wholesale 57.9 0.8Retail 55.3 1.7Transportation 50.0 -5.3Information, arts, recr. 66.0 0.0Fin., insur., real estate 62.9 -1.5Prof.& enterprise serv. 72.3 8.7Health & educ. serv. 68.9 5.2Hospitality 60.3 -5.3Personal services 60.4 -2.1
2. Full-time staffing plans, next 3 months 3. General state of business health
4. Limitations on sales or production growth* 5. Major cost constraints*
* 12-month moving averages. * 12-month moving averages.
Ted Mallett, vice-president & chief economist, 416 222-8022Andreea Bourgeois, senior analyst, 506 855-2526
Simon Gaudreault, senior director, national research, 514 861-3234© Canadian Federation of Independent Business
September 2019
60.459.3
303540455055606570758085Index (0-100)
Personal services Canada
Bad11
Good43
0
10
20
30
40
50
60
70
80% response
25
3
5
51
21
24
21
3
3
24
Insufficient domestic demand
Insufficient foreign demand
Foreign competition
Shortage of skilled labour
Shortage of un/semi-skilled labour
Management skills, time constraints
Shortage of working capital
Shortage of input products
Product distribution constraints
Limited space
% response
56
56
22
43
10
26
28
23
57
66
Fuel, energy
Wages
Borrowing
Banking
Foreign currencies
Product inputs
Capital equipment, technology
Occupancy
Insurance
Taxes, regulations
% response
Up
11
Down
13
0
5
10
15
20
25
30
35
40 % response
