Australian Businesses Conditions Stay Strong in April but Uncertainty Remains

Shoppers visit the David Jones Department store in Sydney, Australia, on Dec. 26, 2021. Wendell Teodoro/Getty Images

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.