+0.1% m/m, against the previous +0.14% (revised from +0.13%)
I'll have more to come on this
Note - this data point rarely has much of an immediate FX impact
Via WPAC:
The six month annualised growth rate (which indicates the likely pace of economic activity relative to trend three to nine months into the future) lifted from +0.51% in October to +0.69% in November.
- This is a strong above trend reading
- following the solid result in October
- points to some of the headwinds to growth evident earlier in the year having eased
That said, there are still key negatives around housing, household incomes and the consumer which are likely to contain any upswing in 2018.
