Summary: Business conditions deteriorate in May; decline appears to be strengthening; business less confident, well below average; Westpac: likely confidence will move further into pessimistic territory; capacity utilisation rate slips, remains elevated. 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 a slowdown in...