Press Release Summary:
Increasing from 42.5 in September, NEMA's Electroindustry Business Conditions Index (EBCI) for current conditions in North America measured 44.7 in October. Measure of intensity of change in current business conditions remained at -0.4. Separately, EBCI for future North American conditions rose to 68.4 in October after measuring 52.5 in September.
Original Press Release:
Current and Future NEMA Business Conditions Readings Rebound in October after Dropping in September
ROSSLYN, Va.--NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America measured 44.7 in October as a larger share of panelists reported conditions deteriorated than reported they improved. Nonethless, the October EBCI represented an increase from 42.5 in September. The survey’s measure of the intensity of change in current business conditions held steady at -0.4. Meanwhile, the EBCI for future North American conditions climbed sharply to 68.4 in October after measuring 52.5 in September.
The National Electrical Manufacturers Association (NEMA) represents nearly 400 electrical, medical imaging, and radiation therapy manufacturers. Our combined industries account for more than 400,000 American jobs and more than 7,000 facilities across the U.S. Domestic production exceeds $117 billion per year. Our industry is at the forefront on electrical safety, reliability, resilience, efficiency, and energy security.
National Electrical Manufacturers Association
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