Press Release Summary:
NEMA's Electroindustry Business Conditions Index (EBCI) dropped to 50 points in April after March's 64.7. While 19% of panelists reported conditions improved and worsened in April, respectively representing 41% decline and 12% increase from March, majority claimed conditions were unchanged (up from 47% in March). Measure of change intensity in electroindustry business conditions dropped to 0.0 from +0.5 in March. Also, EBCI for future NA conditions declined to 53.1 from 61.8 in March.
Original Press Release:
Current Business Conditions Downshift to Neutral in April
ROSSLYN, Va. — NEMA’s Electroindustry Business Conditions Index (EBCI) continued its recent volatile behavior, dropping to a neutral 50 points in April after surging to 64.7 in March from 44.4 in February. Nineteen percent of panelists reported conditions improved in April, down from 41% in March. Another 19% reported the business environment worsened in April, up from 12% in March. The vast majority, though, claimed conditions were unchanged in April, up from the 47% who held this view a month ago.
The survey’s measure of the intensity of change in electroindustry business conditions was similarly neutral in April, dropping to 0.0 from +0.5 in March. Panelists are asked to report intensity of change on a scale ranging from –5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).
The EBCI for future North American conditions also deteriorated in April, dropping to 53.1 from 61.8 in March. A substantially smaller share of the panel (19%) reported positive expectations for the next six months than was the case last month (35%), while a similar share–13% in April compared to 12% in March–reported negative expectations. The share expecting to see no change in business conditions over the next six months rose to 69% in April from 53% in March.
Click here for the complete April 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.