Press Release Summary:
Electroindustry Business Confidence Index (EBCI) for North American business conditions climbed 5.5 points December to 68, indicating more panelists than not report improvements during December. While 40% of survey panelists reported improved conditions in December, 4% percent reported deteriorating conditions. Intensity of change in current North American conditions increased to +0.4 in December, and EBCI for future North American conditions rose to 78.
Original Press Release:
Indexes for Current and Future North American Business Conditions Close 2010 on Upswing
(ROSSLYN, Va.) - The Electroindustry Business Confidence Index (EBCI) for current North American business conditions climbed for a second consecutive month in December, rising 5.5 points to 68, its highest level since June. A reading above 50 indicates more panelists than not reported conditions improved during the month. Forty percent of survey panelists reported improved conditions in December, while only four percent reported deteriorating conditions.
The intensity of change in current North American conditions also edged higher in December increasing to +0.4 from +0.3 the previous month. Panelists are asked to report intensity of change on a scale ranging from -5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).
The EBCI for future North American conditions rose for a fourth straight month in December. The index reached 78, its highest mark since well before the severe recession of 2008-09, and is up a cumulative 24 points August 2010.
Click here for the complete December 2010 report.
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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