Press Release Summary:
NEMA Electroindustry Business Confidence Index (EBCI) for current North American business conditions climbed 1.6 points from May to June to reach 70.4. Average degree of change in business conditions cited in survey was unchanged in June, holding at +0.7 for third straight month. Although EBCI for future North American conditions dropped 6.7 points to 70.4, it remains above 50 point threshold indicative of broad-based expansion.
Original Press Release:
EBCI Suggests June Improvement in North American Business Conditions was Broad-Based, but Modestly Paced
ROSSLYN, Va.-NEMA's Electroindustry Business Confidence Index (EBCI) for current North American business conditions posted a small gain in June, climbing 1.6 points from May to 70.4. Despite their prevalence, though, reported improvements in the business environment have been relatively modest in intensity. The average degree of change in business conditions cited in the survey was unchanged once again in June, holding at +0.7 for a third straight month. Intensity of change is reported on a scale ranging from -5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).
Meanwhile, the EBCI for future North American conditions dropped 6.7 points to 70.4, giving back more than twice the 3.2 point gain recorded in May, but remaining well above the 50-point threshold indicative of broad-based expansion. Nonetheless, panelist comments suggest that any improvement is seen as likely to be limited in strength.
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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