NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions measured 51.8 in July, its 40th consecutive month above the 50-point threshold indicating conditions favorable to growth. Although the index declined in July, the drop was modest — only 1.8 points from June’s reading of 53.6 points. The EBCI is a monthly survey of electrical manufacturers conducted by the National Electrical Manufacturers Association (NEMA), Rosslyn, Va.
Meanwhile, the index
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