Australian economy's key leading indicator improves slightly in April, indicating easing headwinds.

Australian economy's key leading indicator shows a slight improvement, suggesting that headwinds such as higher living costs, interest rates, and tax hikes are easing. The Westpac-Melbourne Institute Leading Index's six-month annualized growth rate increased from -0.08% in March to -0.01% in April. Inflation has moderated, and the Reserve Bank of Australia's rate-hiking program has ended.