Australia's leading index has risen to its highest since the middle of 2022

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The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose to +0.30% in November from -0.39% in October.</p><ul><li>Leading Index growth rate lifts to +0.30%.
</li><li>November marks the first positive, above-trend read since mid-2022.
</li><li>Some of the surprise up-tick appears to be due to temporary factors.
</li><li>Underlying momentum is shifting as policy tightening slows but more consistent with stabilisation than the beginning of a cycle upturn.</li></ul><p>Info via Westpac.</p><p>The up 0.3% is not going to set any records, but it's the best its been for a year and a half or so. </p>

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