Electroindustry Business Confidence Index (EBCI) for current North American conditions topped the 50 point mark for the seventh consecutive month in May according to electrical equipment manufacturers association NEMA. The EBCI continues to signal continued improvement in the business environment, NEMA said, but there has also been slippage in the index in recent months. NEMA said the share of panelists reporting improvements has trended downward while the share reporting declines has trended upward. The index measured 52.3 in May, down from 57.1 in April, and from a year-to-date high of 69.6 in February.
27% of panelists reported conditions improved in May, down from 30% in April and from 48% in February. Meanwhile 23% of panelists reported conditions
deteriorated in May, up from 14% in April and only 9% in February. Half the panelists reported conditions were unchanged in May.
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