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Electroindustry Business Index Slips in June
July 30, 2008
The National Electrical Manufacturer Association's Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped to 37.5 in June, a decline of 10.5 points from a month ago.
The index has trailed the 50-point threshold -a level indicative of deteriorating industry conditions -in each month since November 2007. Over that period, index values have moved in a relatively tight range between 27.3 and 48.
Meanwhile, the EBCI for future North American conditions extended its modest rebound to a second month as the index climbed 5.5 points. That performance came on top of the 2.5 point gain seen from April to May.
Despite these recent signs of life though, June's reading, at 37.5, continues to paint a dour picture of the electroindustry business environment over the next half year.