Press Release Summary:
Derived from survey responses from senior executives of NEMA member companies, Electroindustry Business Confidence Index (EBCI) for current North American conditions rose in January to 57.1. Any value over 50 indicates more respondents reported that business environment improved from previous month than those who reported it worsened. Reflecting widespread sentiment that business conditions will improve over the next 6 months, EBCI for future North American conditions rose to 78.6.
Original Press Release:
NEMA's Business Confidence Indexes Post Positive Results to Kick Off 2010
ROSSLYN, Va.-The Electroindustry Business Confidence Index (EBCI) for current North American conditions rebounded in January, rising nearly 9 points to 57.1. The index is derived from responses to a survey circulated to senior executives of NEMA member companies, and a value above 50 indicates that more respondents reported that the business environment improved from the previous month than reported that it worsened. The index had fallen below 50 in December for the first time in five months, but this latest reading suggests that the modest improvements in conditions that characterized much of the second half of 2009 have persisted into early 2010.
Moreover, the EBCI for future North American conditions pushed further upward in January while posting its second consecutive monthly gain. Rising 14.3 points to 78.6, the index recorded an eleventh straight reading above 50, and reached its highest level since December 2004. This result reflects widespread sentiment that business conditions will improve over the next six months.
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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