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.
