Press Release Summary:
Electroindustry Business Confidence Index for current North American conditions measured 52 in December-with more respondents reporting conditions improved relative to previous month than reporting they declined-for third consecutive month. Confidence in future conditions climbed to 7 month high as December's EBCI for future North American conditions jumped 10 points to 70, affirming that expectations for business environment in next 6 months remains positive.
Original Press Release:
Future Conditions EBCI for North America Rises to Seven Month High in December
ROSSLYN, Va., -Results from NEMA's latest business conditions survey show the flagship Electroindustry Business Confidence Index (EBCI) for current North American conditions exceeded 50 points in December-with more respondents reporting conditions improved relative to the previous month than reporting they declined-for a third consecutive month. The index measured 52 in December, down slightly from 56 in November. The survey's measure of the intensity of change in conditions, meanwhile, indicated no change in the December business environment compared to November.
Confidence in future conditions climbed to a seven month high as December's EBCI for future North American conditions jumped 10 points to 70, affirming that expectations for the business environment six month hence remain positive.
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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