Though Somewhat Weaker, North American EBCIs Still Indicate Improving Conditions In May
May 29, 2013
NEMA’s Electroindustry Business Confidence Index (EBCI) for current conditions in North America declined in May, falling from 66.7 in April to 55.9, but continued to show signs of improvement in the business environment by remaining above the 50-point mark. Confidence in future business conditions also declined in May but remained firmly in positive territory. The EBCI for North American conditions six months hence retreated in May to 76.5 from 80.6 in April.
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.