At 34.4, the current component of the Electrical Industry Business Confidence Index suggested that business conditions may have softened in June. The nearly 16 point drop from the prior month reflected a complex mix of responses ranging from concern over the negative effects of ongoing tariff-related actions, to the salutary impact of those same trade moves, to continued or even increased strength in the market. Twenty percent of the panel reported unchanged conditions, which left the remaining 80 percent of responses evenly split between those noting better or worse conditions this month.

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