Although up from a near-record low a month ago, NEMA's January Electroindustry Business Confidence Index (EBCI) for current conditions is still historically low, only rising to 20 points. That represented a gain of 12 points from December's seven-year low, but it was still far below the break-even mark of 50 points, and is strongly suggestive of substantial deterioration in the business climate at the outset of the new year. Indeed, not a single survey respondent reported improved conditions
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