{"id":23519,"date":"2024-03-12T10:10:00","date_gmt":"2024-03-12T17:10:00","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=23519"},"modified":"2024-03-11T14:37:49","modified_gmt":"2024-03-11T21:37:49","slug":"bcrea-commercial-leading-index-up-by-0-8","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2024\/03\/bcrea-commercial-leading-index-up-by-0-8\/","title":{"rendered":"BCREA Commercial Leading Index Up by 0.8%"},"content":{"rendered":"<p style=\"text-align: justify;\">The BCREA Commercial Leading Indicator (CLI) rose 3.8 points to 149.5 in the fourth quarter of 2023, while the six-month moving average rose to 147.4. Compared to the same quarter in 2022, the index was up by 0.8%.<\/p>\n<p style=\"text-align: justify;\"><strong>Fourth Quarter Highlights<\/strong><\/p>\n<p style=\"text-align: justify;\">\u2022 The economic activity index rose in Q4. Inflation-adjusted retail trade, wholesale trade, and manufacturing sales rose, pushing the economic component upwards.<\/p>\n<p style=\"text-align: justify;\">\u2022 Office employment (financial, insurance, real estate, and professional services) fell by 0.6% in the fourth quarter, but manufacturing employment more than offset the decline with a 4.2% increase. On net, the employment component contributed positively to the index.<\/p>\n<p style=\"text-align: justify;\">\u2022 The financial component of the index rose in the fourth quarter. Rising Real Estate Investment Trust prices pushed the financial component upwards. In addition, falling interest rate spreads, which indicate higher borrowing costs for companies relative to the government, further contributed to the rise in the financial component.<\/p>\n<p><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/clireport.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the full Commercial Leading Indicator, PDF.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/commercial-leading-indicator-q2-2023\/\" target=\"_blank\" rel=\"noopener\">Commercial Leading Indicator Jumps in Fourth Quarter 2023<\/a> by Ryan McLaughlin | Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BCREA Commercial Leading Indicator (CLI) rose 3.8 points to 149.5 in the fourth quarter of 2023, while the six-month moving average rose to 147.4. Compared to the same quarter &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2024\/03\/bcrea-commercial-leading-index-up-by-0-8\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-23519","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Commercial Leading Index Up by 0.8% &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2024\/03\/bcrea-commercial-leading-index-up-by-0-8\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Commercial Leading Index Up by 0.8% &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The BCREA Commercial Leading Indicator (CLI) rose 3.8 points to 149.5 in the fourth quarter of 2023, while the six-month moving average rose to 147.4. Compared to the same quarter &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/03\\\/bcrea-commercial-leading-index-up-by-0-8\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/03\\\/bcrea-commercial-leading-index-up-by-0-8\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"BCREA Commercial Leading Index Up by 0.8%\",\"datePublished\":\"2024-03-12T17:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/03\\\/bcrea-commercial-leading-index-up-by-0-8\\\/\"},\"wordCount\":168,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\",\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/03\\\/bcrea-commercial-leading-index-up-by-0-8\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/03\\\/bcrea-commercial-leading-index-up-by-0-8\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/03\\\/bcrea-commercial-leading-index-up-by-0-8\\\/\",\"name\":\"BCREA Commercial Leading Index Up by 0.8% &#8226; 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