RTTNews reports that survey results from National Australia Bank showed that Australia's business conditions and confidence reached record levels in April.

The business conditions index rose to a fresh record high of 32 in April from 24 in March. Trading conditions rose 5 points to +40 in April, profitability was up 8 points to +33, and employment rose 7 points to +22 index points. Each component was the highest on record.

The business confidence also set a new record high of 26 points versus 17 in the previous month, indicating that conditions will remain strong in the near term.

Confidence improved in all industries, led by a pickup in retail. In trend terms, mining, construction and finance, business and property were most optimistic, while retail and wholesale were the least confident - but still healthy, the survey showed.