NEMA’s Motors Shipments Index decreased by 7.2% on a quarter to quarter basis during the second quarter of 2013. Still, the index is up 6.8% higher on a year-over-year basis and registered the second highest reading in the history of the series.
Fractional HP motors continue to be the driving segment of growth in the index. Inflation adjusted shipments of fractional horsepower motors showed a gain of 13.0%, while integral HP motors dipped 1.9% compared to the same period last year.
NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Arlington, 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 exceed $100 billion annually.