People walk through the Central Business District (CBD) at dusk in Sydney, Australia, June 4, 2021.
National Australia Bank's (NAB.AX) index of business conditions climbed 5 points to +37 in May, after jumping 8 points in April, with strength reported across all industries.
"Conditions rose further, and in particular trading conditions are at a massive +47 index points," said NAB chief economist Alan Oster.
The survey measure for trading, or sales, rose 6 points to reach +47, while profitability gained 6 points to +40 and employment 5 points to +25.
"This was another very strong read for the business sector and forward indicators point to ongoing strength in the near-term," said Oster.
Loren Elliott, Alan Oster, Oster
Central Business, REUTERS, National Australia, NAB, Thomson
Sydney, Australia, Victoria