More respondents to NEMA’s Electroindustry Business Conditions Survey reported conditions improved in July than reported they deteriorated. Consequently, the EBCI for current conditions in North America increased to 54.5 from 50 in each of the last two months. Meanwhile, the EBCI for future North American conditions remained near the top of its historic range, rising modestly to 84.1 in July from 82.5 in June.
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 exceeds $100 billion annually.