Press Release Summary:
According to senior industry executives responding to NEMA's monthly Electroindustry Business Confidence Survey, North American business conditions have improved for first time in 8 months. Survey's measure of mean degree of change remained in positive territory for second straight month, rising to +0.2 from +0.1 in February. EBCI for future North American conditions indicated that survey panelists expect to see further improvement in business conditions over next 6 months.
Original Press Release:
North American Business Conditions Improve In March
ROSSLYN, VA - North American business conditions improved for the first time in eight months in March, 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 56.5 for the month, its highest level since April 2006. Moreover, the survey's measure of the mean degree of change in North American business conditions remained in positive territory for a second straight month, rising to +0.2 from +0.1 in February. The EBCI for future North American conditions indicated that survey panelists expect to see further improvement in business conditions over the next six months. While down from February, March's reading of 54.3 was the second straight to surpass the 50-point growth threshold.
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 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, 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.
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