Press Release Summary:
According to results of Electroindustry Business Confidence Survey of senior executives, current business conditions in North America are improved compared to last month. Having improved from 38.6 to 50.0 in June, index indicates that conditions are favorable for growth. EBCI future conditions index for North America remained at or above 50 for 5th consecutive month with June's score of 60.4.
Original Press Release:
Current Conditions EBCI Rebounds in June, Six-Month Ahead Outlook Continues to Expand
ROSSLYN, Va., June 27, 2007- Current business conditions in North America are considerably improved compared to last month, according to the results of the Electroindustry Business Confidence Survey of senior executives. Having improved from 38.6 to 50.0 in June, the index now sits squarely astride the threshold indicating that conditions are favorable to growth. Although this month's score just touches-but does not cross-the growth line, the sharp rebound from May's reading suggests that last month may have been a bit of an aberration. Following this largely positive pattern, the EBCI future conditions index for North America remained at or above 50 for the fifth consecutive month with June's score of 60.4. The future conditions index measures the respondents' expectations regarding business conditions six months from now. Clearly, the panel members are expecting the electroindustry in North America to grow in the coming months.
The Electroindustry Business Confidence Index, www.nema.org/econ/ebci/index.cfm, gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin America, and is based on the results of a monthly survey of senior managers at NEMA member companies. Those companies represent more than 80 percent of the electroindustry.
NEMA is the trade association of choice for the electrical manufacturing industry. 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, medical imaging, industrial, commercial, institutional, and residential applications. Domestic production of electrical products sold worldwide exceeds $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing, Sao Paulo, and Mexico City.