Summary: Business conditions improve in July, at elevated level; confidence also improves, just above long-term average; demand “strong”, inflation yet to peak; capacity utilisation rate up, all 8 sectors of economy above respective long-run averages. 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 index then began to slip and forecasts of...