Press Release Summary:
NEMA's Electroindustry Business Confidence Index (EBCI) rose 7.4 points to 64.6 in February, following rise of 9 points in January. EBCI for future North American conditions slipped 7.7 points in February to 70.8, but is ahead of 50-point mark indicative of improved business environment. Based on index for future conditions, six-month outlook remains optimistic.
Original Press Release:
EBCI for Current North American Conditions Climbs to Highest in Nearly Four Years
ROSSLYN, Va. - NEMA's Electroindustry Business Confidence Index (EBCI) for current North American conditions advanced sharply for a second straight month in February, climbing to its highest level in nearly 4 years. The index rose 7.4 points to 64.6 in the latest month, which came on the heels of an increase of nearly 9 points in January.
Though the EBCI for future North American conditions lost ground in February, the six-month outlook remains optimistic. The index slipped 7.7 points on the month to 70.8, but came in well ahead of the 50-point mark indicative of an improved business environment.
NEMA is the association of electrical and medical imaging equipment manufacturers. 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, industrial, commercial, institutional, and residential applications. The association's Medical Imaging & Technology Alliance (MITA) Division represents manufacturers of cutting-edge medical diagnostic imaging equipment including MRI, CT, x-ray, and ultrasound products. Worldwide sales of NEMA-scope products exceed $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing and Mexico City.
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