Press Release Summary:
NEMA's Electroindustry Business Conditions Index (EBCI) for current conditions in North America declined to 50.0 in December. While one quarter of panelists reported conditions improved during said month, same share reported they declined.Â December's EBCI for future North American conditions remained above 50-point break even mark butÂ declined to 65. Half of panelists expect business environment to improve over next 6 months versus 20% who expect it to decline.
Original Press Release:
NEMA Business Conditions Gauges Slip in December
ROSSLYN, Va.—After improving for two months in a row in October and November, NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America declined in December, falling to 50.0. One-quarter of December’s panelists reported conditions improved during the month, with the same share reporting they declined. Half the panelists reported no change in conditions between November and December.
December’s EBCI for future North American conditions remained above the 50-point break even mark but retreated to 65. Half of December’s panelists expect the business environment to improve over the next six months compared to 20% who expect it to decline. Thirty percent of panelists expect conditions to remain largely unchanged from the end of 2014 in the first half of 2015.
Click here for the complete December 2014 report.
NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Rosslyn, Virginia. Its nearly 400 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. Total U.S. shipments for electroindustry products exceed $100 billion annually.
National Electrical Manufacturers Association
Visit our website at www.nema.org