A leading indicator is a piece of information that can give us a clue about what might happen in the future. It helps us predict or anticipate what is likely to occur before it actually happens. Full definition
Rising commodity prices often act as leading indicators of rising property values provided the outlook is also favourable in terms of interest rates, rainfall outlook and water availability. (afr.com)
That's nice but it's not enough data for me to judge if their Index is a good leading indicator for home prices or not. (realestatedecoded.com)
Recent strength in leading indicators, however, suggests that contrary to earlier expectations, the level of activity is likely to recover in coming quarters. (rba.gov.au)