Current Business Conditions Improve In March Optimism For Next Six Months Remains Strong
March 27, 2014
NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America edged above the 50 point mark typically associated with a stable business environment in March to 52.6. The gain came on the heels of a reading of 50 in February and a sharp drop in January. Though the index for expected future business conditions retreated, it continued to point to widespread optimism. The EBCI for North American conditions six months hence fell to 86.6 from 91.2 in February.
NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Rosslyn, Virginia. Its 400-plus member companies manufacture a diverse set of products including power transmission and distribution equipment, lighting systems, factory automation and control systems, and medical diagnostic imaging systems. Total U.S. shipments for electroindustry products exceed $100 billion annually.