Summary: Business conditions improve in April, at historically-high level; confidence deteriorates, remains above long-term average; confidence, conditions fairly strong across most industries; confidence affected by Federal election, interest rate tightening cycle; capacity utilisation rate up, all 8 sectors of economy at/above respective long-run averages; growth in labour, purchase costs accelerates over past three months, signals “more strong inflation to come” NAB’s business survey indicated Australian business conditions were robust in...