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The phrase "a lead indicator" is correct and usable in written English.
It is typically used in business or economic contexts to refer to a measurable factor that can predict future trends or outcomes.
Example: "The increase in consumer spending is considered a lead indicator of economic growth."
Alternatives: "a predictive measure" or "an early signal".
Exact(15)
These should be a lead indicator for the real economy.
A lead indicator is the purchase of gold by Indians a form of capital flight.
Insofar as what manufacturers see as likely future demand is a lead indicator for output, this bodes well.
The stockmarket is used both as a barometer of investors' risk aversion and as a lead indicator of economic health.
Cracks emerging in its economy at the beginning of the year were seen as a lead indicator of the turmoil to follow.
He sees this index, which slumped in late 2007 and started to rebound in late 2008, as a lead indicator for Chinese activity.
Similar(45)
As he writes in a new report, purchases of heavy trucks "have proved to be a good lead indicator of overall capital expenditure".
"A more important lead indicator in our view is the fact that wholesale orders are down by 15%," he said, retaining a "sell" recommendation on the stock.
Three of the five components that comprise HSBC's lead indicator measure conditions within Asia.
Leading indicators like China's macro index is certainly a leading indicator for our stock market but so far the blue line is an unwavering upward V.
This study developed a quantitative methodology to ascertain lead indicators of student sense of community whilst undertaking a course of study.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com