Business conditions in Australia have fallen to their lowest point in three years, according to a monthly private survey. The National Australia Bank (NAB) Business Survey, released on Tuesday, showed business conditions fell four index points to -4 in May. NAB said business conditions had been hit by resurgent concerns about stability in the euro zone, lagging forward orders and employment conditions. "The degree of weakening in activity over the past couple of months suggests that the economy is struggling, with conditions in some of the previously strong industries, namely mining and finance/business/property also ... (full story)