NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions advanced sharply for a second straight month in February, climbing to its highest level in nearly 4 years. The index rose 7.4 points to 64.6 in the latest month, which came on the heels of an increase of nearly 9 points in January.
Though the EBCI for future North American conditions lost ground in February, the six-month outlook remains optimistic. The index slipped 7.7 points on the month to 70.8, but came in well ahead of the 50-point mark indicative of an improved business environment.
Click below for the complete February 2010 report.
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.