ROSSLYN, Va.,—NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped to 54.2 in May from 59.1 the previous month and has retreated by a cumulative 18.3 points since reaching a post-recession high in February. Despite its recent slide, the index continues to point to an economic environment conducive to industry growth, as it has for each of the last eight months. The EBCI for future North American conditions also moved lower in May for the second time in as many months, off 11 points from April, but remained firmly in positive territory at 70.8.
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NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Arlington, Virginia. Its member companies manufacture a diverse set of products including power transmission and distribution equipment, lighting systems, factory automation and control systems, and medical diagnostic imaging systems. Worldwide annual sales of NEMA-scope products exceed $120 billion.
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