NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America slipped below the 50-point level typically associated with expansion in January for the first time since October 2012. The index declined for the third straight month, falling to 40.6 from 52.8 in December.
On the plus side, confidence in future business conditions again gained ground in January; the EBCI for North American future business conditions six months rose to 90.6 from 83.3 in December, one of the highest readings in the history of the survey.
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