After seeing a modest downward trend for the past two years, the National Electrical Manufacturers Association's (NEMA’s) Motors Shipments Index indicates demand for motors plummeted during 4Q 2008, declining 15.3% versus the July to September time period. NEMA said the index was also 11.3% below its year-ago level, and registered its lowest reading since mid-2005. Moreover, in a break from prior quarters, shipments of both fractional and integral horsepower motors posted a year-over-year decline in shipments.
NEMA adds that the Motors Shipments Index will likely see additional declines at least into the second half of this year.
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