The composite index of leading indicators was unchanged in February, after advances of 0.1% in December and January, Statistics Canada said today.

The index, where 1992 numbers equal 100, was at 201.3, compared with 201.2 in January.

StatsCan said a slowdown in automobile sales helped stall growth in the index.

“Durable goods sales turned down due to autos,” the report said. “By January, auto sales in Canada were nearly 20% below their peak level of December 2002. Soaring gasoline prices helped depress demand, especially for North American-built trucks, vans and SUVs.”

However, new factory orders accelerated, reflecting strength in investment, construction and metals.

Investment intentions for 2005 rose 8.8%. The stock market trend was also good, recording its largest jump in a year.

Furniture and appliance sales rose.

The U.S. leading indicator was flat for a second consecutive month after three straight declines, the report said.