NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American business conditions slid nearly 7 points in July, falling to 63.5, its lowest level since January 2010, from 70.4 a month earlier. While the index reading implies that the economic environment faced by electrical equipment manufacturers continued to improve on balance in July, a decidedly smaller share of panelists reported improvement than had been the case over the last several months. Meanwhile, the EBCI for future North American conditions posted its second sizable decline in as many months in July, tumbling 12.7 points to 57.7 on the heels of June’s 6.7 point fall.
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