Press Release Summary:
Derived from survey of senior industry executives, Electroindustry Business Confidence Index for current North American conditions climbed to 69.6 in February, up 6 points from 63.6 in January. Index has topped 60 points in each of last 4 months, indicating sustained improvement in economic environment facing broad cross-section of electrical equipment manufacturers. According to index, 70% of survey panelists also expect to see conditions improve during next 6 months.
Original Press Release:
NEMA Executives' Assesment of Business Conditions Improved in February
ROSSLYN, Va., -The Electroindustry Business Confidence Index (EBCI) for current North American conditions - derived from a survey of senior industry executives - climbed to 69.6 in February, up 6 points from January's reading of 63.6. The index has topped 60 points in each of the last four months, indicating a sustained improvement in the economic environment facing a broad cross-section of electrical equipment manufacturers. A reading above 50 indicates more panelists reported better conditions compared to the previous month than reported worse conditions.
The EBCI for future North American conditions slipped modestly in February from the near seven year high recorded in the previous month, but it remained at an elevated level by historical standards at 84.8. A majority of survey panelists - 70% - expect to see conditions improve during the next six months, while none of the 23 respondents anticipate deterioration.
NEMA is the association of electrical and medical imaging equipment manufacturers. Founded in 1926 and headquartered near Washington, D.C., its approximately 450 member companies manufacture products used in the generation, transmission and distribution, control, and end use of electricity. These products are used in utility, industrial, commercial, institutional, and residential applications. The association's Medical Imaging & Technology Alliance (MITA) Division represents manufacturers of cutting-edge medical diagnostic imaging equipment including MRI, CT, x-ray, and ultrasound products. Worldwide sales of NEMA-scope products exceed $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing and Mexico City.
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