NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American business conditions plummeted in the latest month, falling nearly 18 points. With the August performance coming on the heels of a decline of nearly seven points in July, the index has now fallen by more than 24 points in the space of only two months — from 70.4 points in June to 46 points currently. Any reading above the 50-point level is indicative of growth in the market. The EBCI is a survey of senior executives of the National Electrical Manufacturers Association (NEMA), Rosslyn, Va.

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