What is the purpose of the Quarterly Industry Revenue Indices?
The Quarterly Industry Revenue Indices (QIRI) provide quarterly indexed rates of change in operating revenues for selected industries in business and consumer services in order to track their quarterly economic performance. As there are few sub-annual output measures for the services industries, the QIRI fills this gap for policy makers requiring more timely information to better assess current economic conditions. The need for such an indicator arises from the fact that services-producing industries now account for approximately 70% of Canadian gross domestic product (GDP).
