Press Release Summary:
NEMA's Electroindustry Business Confidence Index (EBCI) for North American conditions in November 2011 shows economic environment improved for second straight month. Though results slipped to 56 from 57.4 in previous month, more panelists than not noted improvement in business environment: 20% of panelists reported improvement, 8% experienced deterioration, and 72% saw no change in conditions. Likewise, November's EBCI for future North American conditions eased to 60 from 63.
Original Press Release:
North American Business Conditions Improve for Second Consecutive Month in November
ROSSLYN, Va.-Results from NEMA's latest business conditions survey showed the economic environment facing the North American electroindustry improved for a second straight month in November. Though the Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped to 56 from 57.4 in the previous month, it nonetheless cleared the 50 mark above which more panelists than not see an improvement in the business environment. Twenty percent (20%) of survey panelists reported improved conditions in November compared to the previous month while only 8% experienced deteriorating conditions. The vast majority-72%-saw no change in conditions.
Likewise, while November's EBCI for future North American conditions eased to 60 from 63 a month ago, the gauge of expectation six month hence continued to point in a positive direction. Some 32% of panelists said they expected conditions to improve to at least some degree over the next six months versus 12% anticipating they will worsen.
NEMA is the association of electrical equipment 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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