EBCI Readings for North America Post Sharp Gains in April
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May 13, 2009 1:03 PM
The Electroindustry Business Confidence Index (EBCI) for current North American conditions, released by the National Electrical Manufacturing Association (NEMA), Rosslyn, Va., jumped 16 points in April to 42. Though falling below the key 50-point mark indicative of improvement in industry conditions for a 17th straight month, the index reached its highest level in nearly a year and has rallied some 34 points over the last four months from December’s near all-time low.
The EBCI gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin America, and is based on the results of a monthly survey of senior managers at NEMA member companies. Those companies represent more than 80% of the electroindustry.
For the complete April 2009 report, visit the NEMA Web site.
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