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NEMA’s May EBCI for Future Conditions Declines a Whopping 17 Points to 33.3 Points

The current conditions component edged lower for the third consecutive month in May.

The current conditions component edged lower for the third consecutive month in May, moving from a reading of 52.8 points in April to 50 points this month. The share of panelists who reported unchanged conditions dropped sharply, and although the proportion of respondents that indicated better conditions increased over last month, the percentage that noted worse conditions increased by an even greater amount.

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