The Conference Board's leading index for Australia declined 1.4 percent in April, the Conference Board reported Wednesday.
The Board said a large decline in building approvals was the primary reason for the decline.
It added that weakness among the leading indicators was "somewhat more widespread than the strengths in recent months."
The coincident index, which measures current economic activity, was up 0.2 percent for April. The board said modest increases were seen in in all sub-categories of the CEI, the Board said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.