Conditions in the building and construction industry within Australia deteriorated in May despite a healthy lift in readings for the apartment sector and continued strength in house building activity, the latest report suggests.

In May, the Australian Industry Group (Ai Group)-Housing Industry Association (HIA) Performance of Construction Index (Australian PCI®) came in at 46.7 – up 0.8 points from the previous reading in April but still below the 50.0 mark separating improving conditions from deteriorating conditions. But whilst the reading marked the fifth…