Businesses remain in a buoyant mood, ANZ's monthly business outlook survey found.
A net 32 per cent of firms expect general business conditions to improve. That is down two points from March and seven points from the recent peak in February, but it remains well above the long-run average of a net 8 per cent optimistic.
A net 30 per cent expect a lift in their own activity, down two points on the March survey, but most of the survey's more detailed indicators have moved in the right direction.
Investments intentions are up, to an eight-year high, underpinned by a rise in capacity utilisation.
Residential and commercial construction intentions strengthened, as did export expectations.