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Electrical Marketing’s Leading Indicators, July 23, 2010

PMI slips 3.5 points. The Purchasing Managers Index dropped 3.5 points to a still-healthy 56.2 points. Norbert Ore, chair of the Tempe, Ariz.-based Institute for Supply Management’s Manufacturing Business Survey Committees said the lower reading for the PMI came from a slowing in the new orders and production indexes.

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