NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America declined for a second straight month in May, falling to 50 from 54.8 a month ago and from 58.3 in March. The same proportion of panelists – 26% – reported business conditions improved in May as reported they declined, with the balance stating conditions were unchanged. Meanwhile, the EBCI for future North American conditions lost ground for a third month in a row. The index dropped to 52.2 in May from 66.7 in April, and is down nearly 27 points from the year-to-date high of 78.9 reached in February. Thirty-five percent of May’s panelists expect the business environment to improve over the next six months, while 30% expect it to decline.
Click here for the complete May 2015 report.
The National Electrical Manufacturers Association (NEMA) represents nearly 400 electrical, medical imaging, and radiation therapy manufacturers. Our combined industries account for more than 400,000 American jobs and more than 7,000 facilities across the U.S. Domestic production exceeds $117 billion per year. Our industry is at the forefront on electrical safety, reliability, resilience, efficiency, and energy security.