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Survey of NEMA Companies show rising business confidence.
Press Release Summary:
Feb 01, 2010 - 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
Press release date: Jan 27, 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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