In September, NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions increased for a third straight month and topped the 50-point threshold indicative of expansion for a second straight month. The index rose 5.3 points to 58.6, its highest reading since April 2006 and more than 50 points above its cyclical low of 8 in December 2008.
The EBCI for future North American conditions also climbed in September, reaching its highest level — 69.0 — since August 2005. This reading that a significant proportion of industry leaders foresees some degree of improvement in the business situation within the next six months.
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.
To view the complete report, visit www.nema.org/econ/ebci/index.cfm.