Following sharp drops in April, NEMA’s Electroindustry Business Confidence Indexes (EBCI) for both current and future North American conditions rebounded in May.
After tumbling to 27.3 points in April, the EBCI for current North American conditions sprang back to 48 points. While still slightly below the 50-point mark suggestive of industry expansion, May’s reading does point to a significant slowdown in the rate of contraction.
The EBCI is a monthly survey of senior executive
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