Press Release Summary:
North American business conditions improved for the second month in a row in April, according to industry executives responding to NEMA's survey. Electroindustry Business Confidence Index (EBCI) climbed to 62 in April, from 56.5 in March, indicating that the pace of improvement in conditions accelerated. Meanwhile, EBCI for future North American conditions dropped, to 50 down from 54.3 in March, indicating survey respondents expect conditions to remain steady for the next 6 months.
Original Press Release:
EBCI for Current North American Business Conditions Up Again in April
(ROSSLYN, VA) - North American business conditions improved for the second month in a row in April, according to senior industry executives responding to NEMA's monthly Electroindustry Business Confidence Survey. The Electroindustry Business Confidence Index (EBCI) for current North American conditions climbed to 62 in April, its highest level in a year. The index rose from 56.5 in March, indicating that the pace of improvement in conditions accelerated in the most recent month. Meanwhile, the EBCI for future North American conditions retreated for the second consecutive month. April's reading of 50, down from 54.3 in March, indicates that survey panelists expect business conditions six months hence to stand at about the same level as currently.
The Electroindustry Business Confidence Index, www.nema.org/econ/ebci/index.cfm, gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin America, and is based on the results of a monthly survey of senior managers at NEMA member companies. Those companies represent more than 80 percent of the electroindustry.
NEMA is the trade association of choice for the electrical manufacturing industry. Founded in 1926 and headquartered near Washington, D.C., its 430 member companies manufacture products used in the generation, transmission and distribution, control, and end-use of electricity. These products are used in utility, medical imaging, industrial, commercial, institutional, and residential applications. Domestic production of electrical products sold worldwide exceeds $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing, Sao Paulo, and Mexico City.