Press Release Summary:
NEMA's Electroindustry Business Confidence Index (EBCI) for current North American conditions dropped to 38.6 in July from 52.4 in June. While this index has been sliding since its 2012 high of 72.5 in February, July's reading is first below 50 since August 2011. Survey's measure of degree of change in current North American conditions also declining, falling to -0.4 from neutral 0.0 in June. EBCI for future North American conditions, however, climbed to 61.4 from June's 57.1.
Original Press Release:
EBCI: Business Conditions Deteriorated in July, but Improvement Expected in Second Half of the Year
ROSSLYN, Va.-The same downdraft afflicting the broad economy appears to be spilling into the electrical manufacturing sector as the industry pulls back from its earlier rebound. NEMA's Electroindustry Business Confidence Index (EBCI) for current North American conditions fell to 38.6 in July from 52.4 in June. The index has been sliding since reaching a recent year high of 72.5 in February, but July's reading was the first below 50 - the level indicating an equal number of panelists see conditions improving as see them deteriorating - since August 2011. The survey's measure of the degree of change in current North American conditions also slipped into the red in July, declining to -0.4 from a neutral 0.0 in June. Meanwhile, the EBCI for future North American conditions remained solidly in positive territory, even climbing modestly in July to 61.4 from 57.1 in June.
Click here for the complete July 2012 report.
NEMA is the association of electrical equipment and medical imaging 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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