NEMA's Electroindustry Business Confidence Index (EBCI) for current North American business conditions slid nearly seven points in July, falling to 63.5 points — its lowest level since January 2010 — from 70.4 a month earlier. Any reading above the 50-point level is indicative of growth in the market. The EBCI is a survey of senior executives of the National Electrical Manufacturers Association (NEMA), Rosslyn, Va.
While the EBCI implies that the economic environment faced by electric
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