ROSSLYN, Va., January 25, 2006. NEMA's Electroindustry Business Confidence Index for current North American conditions continued to signal electroindustry expansion in January. At 55.2 points, the index topped the 50-point threshold-indicating a business environment favoring industry growth-for the 33rd month in a row. At the same time, the index has declined in each of the last four months, suggesting that conditions have moderated since reaching a near-term peak in late summer. The January EBCI for future North American conditions climbed slightly to 56.9 points, up from 56.3 a month ago.
For a complete summary of the January 2006 index, including charts and a list of participating companies, visit www.nema.org/econ/ebci/upload/01_2006_EBCI.pdf.
The Electroindustry Business Confidence Index gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin America, and are 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 leading trade association in the United States representing the interests of electroindustry manufacturers. Founded in 1926 and headquartered near Washington, D.C., its approximately 430 member companies manufacture products used in the generation, transmission and distribution, control, and end-use of electricity. Domestic shipments of electrical products within the NEMA scope exceed $100 billion.
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