Summary: Business conditions, confidence improve; conditions in NSW, Victoria see “significant” gains, smaller states pull back; improved confidence still “fragile”; capacity usage resumes improving; “several reasons to be cautious”. NAB’s business survey indicated Australian business conditions were robust in the first half of 2018, with a cyclical-peak reached in April of that year. Readings from NAB’s indices then began to slip, declining to below-average levels by the end of...