Current Conditions EBCI Slips in May, But Six-Month Outlook Improves Again

June 10, 2010
North American business conditions continued to improve on balance in May, though positive sentiment was less widespread than in the previous month

North American business conditions continued to improve on balance in May, though positive sentiment was less widespread than in the previous month, according to Rosslyn, Va.-based National Electrical Manufacturers Association (NEMA). The Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped 3 points to 68.8. Nonetheless, the index remained well above the 50-point level indicative of an environment conducive to electroindustry growth for a fifth straight month.

Meanwhile, the EBCI for future North American conditions climbed 3.2 points to 77.1, its highest level since January. Thirteen respondents expect the improvement seen since the beginning of the year to continue over the next six months, with the rest anticipating little to no change in conditions.

Visit the NEMA Web site for the May 2010 Click here for the complete May 2010 report.

Voice your opinion!

To join the conversation, and become an exclusive member of EC&M, create an account today!

Sponsored Recommendations

Electrical Conduit Comparison Chart

CHAMPION FIBERGLASS electrical conduit is a lightweight, durable option that provides lasting savings when compared to other materials. Compare electrical conduit types including...

Fiberglass Electrical Conduit Chemical Resistance Chart

This information is provided solely as a guide since it is impossible to anticipate all individual site conditions. For specific applications which are not covered in this guide...

Considerations for Direct Burial Conduit

Installation type plays a key role in the type of conduit selected for electrical systems in industrial construction projects. Above ground, below ground, direct buried, encased...

How to Calculate Labor Costs

Most important to accurately estimating labor costs is knowing the approximate hours required for project completion. Learn how to calculate electrical labor cost.