NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions topped the 50-point mark indicating a growth environment for the seventh consecutive month in May.
However, the EBCI has slipped over the last few months as the share of panelists reporting improvements has trended downward while the share reporting declines has trended upward. The index measured 52.3 points in May, down 4.8 points from 57.1 points in April, and down from a year-to-date high
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