NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American business conditions again moved upward, climbing to 45.5 in October from 42.1 in September and 35.7 in August. Its recent rebound has left the index just short of the 50 point breakeven level last surpassed in June. The survey’s measure of the degree of change in current North American conditions also remained slightly in negative territory in October, unchanged from the previous month at -0.1. The EBCI for future North American conditions edged upward to its highest level in five months in October at 65.9. The index had registered 63.2 in September.
NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Arlington, Virginia. Its 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. Worldwide annual sales of NEMA-scope products exceed $120 billion.