Current Conditions EBCI Slips In December But Still Signals Improvement
January 5, 2014
NEMA's Electroindustry Business Conditions Index (EBCI) for current conditions in North America slipped for the second straight month in December, falling to 52.8 from 53.1 in November, but continued to point to improvement in the business environment by remaining above the 50-point mark. Confidence in future business conditions was slightly more widespread in December compared to November. The EBCI for North American conditions six months hence edged upward to 83.3 from 81.3 in October.
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.