Australian Leading Index shows “more modest momentum”

The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index

• to 0.25% in December from 0.33% in November

this measure indicates the likely pace of economic activity relative to trend three to nine months into the future

WPAC key points:

• Leading Index growth rate dips back to 0.25% but still slightly positive.
• Growth set to improve in 2025 but remain lacklustre.
• Modest lifts in commodities, consumer, equities and dwelling approvals.

This article was written by Eamonn Sheridan at www.forexlive.com.