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Desjardins Leading Index

The DLI Continues to Rise, and the Quebec Economy Is Back on Track

August 6, 2024
Hélène Bégin
Principal Economist

The Desjardins Leading Index (DLI) rose 0.5% for the second month in a row, and the foundations of May's gain look very solid.

 

Nearly all the economic indicators that make up the DLI are trending up, suggesting that Quebec’s economy will see more broad-based growth in the coming months.

 

The DLI’s trend is encouraging and in line with Quebec’s remarkable progress over the past few months. According to the most recent real GDP release, the recovery period is now over and has given way to a new expansion cycle. The period of economic decline, which began in the spring of 2023 and lasted until the end of the year, now seems to be behind us. Once again, the DLI helped us identify Quebec’s long-awaited economic recovery a few months in advance. Recent developments also confirm that the province’s short-term economic path is positive.

NOTE TO READERS: The letters k, M and B are used in texts, graphs and tables to refer to thousands, millions and billions respectively. IMPORTANT: This document is based on public information and may under no circumstances be used or construed as a commitment by Desjardins Group. While the information provided has been determined on the basis of data obtained from sources that are deemed to be reliable, Desjardins Group in no way warrants that the information is accurate or complete. The document is provided solely for information purposes and does not constitute an offer or solicitation for purchase or sale. Desjardins Group takes no responsibility for the consequences of any decision whatsoever made on the basis of the data contained herein and does not hereby undertake to provide any advice, notably in the area of investment services. Data on prices and margins is provided for information purposes and may be modified at any time based on such factors as market conditions. The past performances and projections expressed herein are no guarantee of future performance. Unless otherwise indicated, the opinions and forecasts contained herein are those of the document’s authors and do not represent the opinions of any other person or the official position of Desjardins Group.