EBCI for February North American Business Conditions grows to six year high

The National Electrical Manufacturers Association’s Electroindustry Business Confidence Index (EBCI) for current North American conditions jumped sharply in February, rising more than 18 points to 72.5, its highest level in more than six years, according to NEMA. The survey’s measure of the degree of change in current North American conditions rose to its highest mark in almost two years, soaring to +0.7 in February from +0.1 in January.

Meanwhile, the EBCI for future North American conditions, though remaining firmly positive, retreated slightly in February. The index slipped a little more than 4 points to 75 following a combined increase of nearly 20 points in December and January.

Click here for the complete February 2012 report.

NEMA is the association of electrical equipment and medical imaging manufacturers headquartered in Arlington, Va. with member companies that manufacture power transmission and distribution equipment, lighting systems, and factory automation and control systems.

-Bill O’Leary