Cryptic crossword clue
Report showing western observance on the rise? 5,2

The most common and most likely answer to this crossword clue is the 5 plus 2 letter word WRITE UP

I've seen this crossword clue in Financial Times
W
R
I
T
E
U
P

Buddy explains!

The straight part
We know that "Report" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case report = write up.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does WRITE UP mean?

WRITE UP noun
  1. A written account of something, as a record.
  2. An increase made to the book value of an asset that was previously undervalued.
  3. A review published in the print or online media for a film, book, etc.

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