NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions tumbled in October, dropping 17.5 points to 20, its lowest level since November 2001. October’s decline represented a breakout to the downside from the low 30- to high 40-point range seen over most of the last year-and-a-half and signaled further weakening in the business environment facing electrical equipment manufacturers.
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