Press Release Summary:
FollowingÂ 3 consecutive months of decline, NEMA's Electroindustry Business Conditions Index (EBCI) for current conditions in North America rose to 67.5. While 10% of panelists reported worse conditions, equal share (45%) reported better or unchanged conditions. EBCI for future North American conditions also rose to 55.0 in July. While 50% of panelists expect unchanged business conditions overÂ 6 month period, 30% expect better conditions, and 20% foreseeÂ worsening business environment.
Original Press Release:
Current Business Conditions Index Rebounds Sharply in July, As Future Conditions Index Continues to Improve
ROSSLYN, Va. — NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America improved by more than 20 points, marking an abrupt change of direction following three consecutive months of decline. The index rose to 67.5 from 47.2 a month ago and from 50.0 in May. Only 10% of panelists reported worse conditions, and an equal share (45%) reported better or unchanged conditions. The EBCI for future North American conditions also advanced, though by a lesser margin. Having come in at 52.8 in June, the future conditions index edged up to 55.0 in July. A plurality (50%) of July’s panelists expect business conditions to be unchanged over the coming six month period, 30% expect conditions to be better, and the remaining 20% foresee a worsening business environment.
The National Electrical Manufacturers Association (NEMA) represents nearly 400 electrical, medical imaging, and radiation therapy manufacturers. 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. Our industry is at the forefront on electrical safety, reliability, resilience, efficiency, and energy security.
National Electrical Manufacturers Association
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