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NA Electroindustry Business Conditions stabilize in September.
Press Release Summary:
Sep 30, 2011 - NEMA Electroindustry Business Confidence Index (EBCI) indicated conditions facing North American electroindustry, after signaling deterioration in each of 3 months prior, stabilized in September. While 20% of survey panelists reported conditions improved, 20% reported they worsened, and 60% reported no change. September EBCI for future North American conditions rebounded as well, with 37% of panelists expecting conditions to improve by March 2012 versus 20% anticipating they will worsen.
Original Press Release
North American Business Conditions Stabilize in September; Improvement Seen over Next Six Months
Press release date: Sep 28, 2011
September's EBCI for future North American conditions rebounded from the decline posted a month earlier and continues to point toward better conditions over the next six months. The index increased 3.2 points to 58.3 in the latest month. Nearly 37% of panelists said they expected conditions to improve by March 2012 versus 20% anticipating they will worsen. In August, 31% of panelists said they expected an improvement, while nearly 21% reported anticipating a decline.
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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