NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions advanced in May for a third straight month, and fourth in the last five. Since December 2008, the index has rebounded from a near record low of 8 points to 47.9 points, and is within sight of the 50-point threshold indicative of an absolute improvement in industry conditions. This pattern of results suggests the rate of deterioration in the business environment has slowed dramatically over the first
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