North American Business Conditions Index rebounds in August.
Press Release Summary:
Climbing to 41.4, up 9.4 points from its July reading, NEMA's Electroindustry Business Confidence Index for current North American conditions gained ground in August, but remained below levels suggestive of industry-wide expansion for third straight month. August's EBCI for future North American conditions slipped from a month earlier, dropping to 55.2 from 64 in July, but continued to point toward better conditions over the next 6 months.
Original Press Release:
Current North American Business Conditions Index Rebounds in August, While Future Conditions Index Retreats
ROSSLYN, Va., -NEMA's Electroindustry Business Confidence Index for current North American conditions gained ground in August, but remained below levels suggestive of industry-wide expansion for a third straight month. The index climbed to 41.4, up 9.4 points from its July reading. The survey's measure of the degree of change in current North American conditions was in negative territory for the second month in a row, but also improved relative to July. August's EBCI for future North American conditions slipped from a month earlier but continued to point toward better conditions over the next six months, dropping to 55.2 from 64 in July.
NEMA is the association of electrical equipment 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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