Receive industry and products news from the market categories that matter to you most.
Stay up to date on industry news and trends, product announcements and the latest innovations.
NEMA Business Conditions Indexes lose ground in February.
Press Release Summary:
Feb 26, 2016 - NEMA's Electroindustry Business Conditions Index for current conditions in North America fell back in February, dropping to 44.4 from 50 the previous month as more panelists reported conditions eroded than improved. Compared to January, smaller shares of survey panel reported that business conditions improved (22% in February compared to 41% in January) and that they deteriorated (33% in February compared to 41% in January). In addition, 44% claimed conditions were unchanged in February.
Original Press Release
NEMA Business Conditions Indexes Lose Ground in February
Press release date: Feb 24, 2016
The survey’s measure of the intensity of change in electroindustry business conditions remained in negative territory in February, slipping to -0.2 from -0.1 in January. Panelists are asked to report intensity of change on a scale ranging from –5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).
Even though more panelists than not expect the business environment to improve over the next six months, the EBCI for future North American conditions also dropped in February, falling to 52.8 from 67.6 in January. A smaller share of the panel (33%) reported positive expectations than was the case last month (53%), while a larger share (28%) reported negative expectations than was the case in January (18%). The share expecting to see no change in business conditions over the next six months rose to 39% in February from 29% in January.
Click here for the complete February 2016 report.
The National Electrical Manufacturers Association (NEMA) represents nearly 400 electrical, medical imaging, and radiation therapy manufacturers at the forefront of electrical safety, reliability, resilience, efficiency, and energy security. Our combined industries account for more than 400,000 American jobs and more than 7,000 facilities across the U.S. Domestic production exceeds $117 billion per year.
National Electrical Manufacturers Association
Visit our website at www.NEMA.org
Don't miss the latest news!