The current conditions component of the Electroindustry Business Confidence Index held steady at the mildly contractionary reading of 42.3 in November even as the share of respondents reporting “worse” conditions crept up this month. At 54 percent, the majority of panel members indicated that conditions remained “unchanged.” Some comments noted continued strong demand, but slower growth, attributed to interest rate hikes and lack of clarity from the Federal government, was already being felt by others.

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