Press Release Summary:
Electroindustry Business Confidence Index (EBCI) for current North American business conditions climbed 14.5 points in November, rising to 62.5 from 48 one month ago. Meanwhile, EBCI for North American conditions 6 months in the future rose for third month in a row. Index reached 75, its highest mark since May 2010, and is up a cumulative 21 points since August 2010. According to index, 54% of panelists expect to see better conditions by May 2011, compared to only 4% expecting worse conditions.
Original Press Release:
Improvement Seen in Both Current and Expected North American Business Conditions in November
ROSSLYN, Va., - The Electroindustry Business Confidence Index (EBCI) for current North American business conditions climbed 14.5 points in November, rising to 62.5 from 48 a month ago. With a reading above 50 indicating more panelists than not reporting better conditions than a month ago, and vice-versa, these results show widespread improvement in the business environment across the electroindustry in November, in contrast to the modest deterioration seen in October.
Meanwhile, the EBCI for North American conditions six months in the future rose for the third month in a row. The index reached 75, its highest mark since May 2010, and is up a cumulative 21 points since August 2010. A majority of panelists (54%) expect to see better conditions by May 2011, compared to only 4% expecting worse conditions six months hence.
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 productexceed $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing and Mexico City.
NEMA. Setting Standards for Excellence
Visit our website at www.nema.org
From Congress to consumers, readers worldwide are turning to NEMA's "electroindustry" magazine for the latest news in the electrical industry. To subscribe, go to www.nema.org/media/ei/.