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.
by RTT Staff Writer
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