A moderate optimism about the Quebec economy can take place based on the recent evolution of Desjardins leading indicator index. That index increased significantly in October (0.7 %) and in November (0,6 %), according to data published today, after having stagnated from May to September. Moreover, since the adoption, last December, by the US Congress, of expansionist fiscal measures, growth estimates for the US economy were revised upward for 2011, a signal that the prospects are looking better for Quebec exports. Commodity and industrial good prices have increased in the recent months, which also helps to improve the outlook, especially for the regions where the economic activity is based on those products. Even the price of lumber has been up lately.
Details at : http://www.desjardins.com/en/a_propos/etudes_economiques/conjoncture_quebec/indice_precurseur/
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