NEMA Business Conditions Indexes rebound in January.
Press Release Summary:
After sizable decline in December, NEMA’s Electroindustry Business Conditions Index for current conditions in North America rebounded in January. Index climbed to 50 from 41.2 the previous month, with an equal share of panelists (41%) reporting that conditions improved and that they deteriorated. Eighteen percent of the panelists stated that the business environment was unchanged. Meanwhile, EBCI for future North American conditions jumped to 67.6 in January from 52.9 in December.
Original Press Release:
NEMA Business Conditions Indexes Rebound in January Following a December Retreat
ROSSLYN, Va., —After a sizable decline in December, NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America rebounded in January. The index climbed to 50 from 41.2 the previous month, with an equal share of panelists (41%) reporting that conditions improved and that they deteriorated. Eighteen percent of the panelists stated that the business environment was unchanged.
Meanwhile, the EBCI for future North American conditions jumped to 67.6 in January from 52.9 in December. A larger share of panelists in January (53%) expect conditions to improve over the next six months than believe they will deteriorate (18%). Twenty-nine percent expect to see no change in business conditions.
Click here for the complete January 2016 report.
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Tracy Cullen
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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.
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