Australian business conditions still remain robust in April amid economic headwinds thanks to resilient customer demand and a strong labour market.
According to the latest monthly business survey by the National Australia Bank (NAB), the business conditions index, which measures trading conditions, profitability and employment, dropped two points to 14 index points in April.
While the drop continued a trend of gradual easing in business conditions, the index still stayed at above-average levels.
Across various industries, the level of conditions remained elevated, with significant increases in the transport and utilities (up 16 points) and the wholesale (up 14 points) sectors.
Tasmania, Western Australia and South Australia also saw strong growth in business conditions, while New South Wales, Queensland and Victoria recorded a fall….