Australian June leading index – economy improving but to remain below trend into 2025

This data point tends not to be much of an AUD mover upon release.

Westpac-Melbourne Institute Leading Index

• for June 2024
• indicates the likely pace of economic activity relative to trend three to nine months into the future
• rose from -0.28% in May to -0.13% in June

WPAC assessment:

• Lower commodity prices partially offset by stabilising hours worked.
• Economic activity improving but to remain below trend in to early 2025

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