Definition of leading indicator
: an economic indicator (such as the level of corporate profits or of stock prices) that more often than not shows a change in direction before a corresponding change in the state of the economy
— called also leader
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“Leading indicator.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/leading%20indicator. Accessed 13 Apr. 2021.
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