NEMA Confidence Index for business conditions slips slightly but remains positive in March

Following a run-up of more than 20 points in January and February to its highest level in more than six years, the National Electrical Manufacturers Association’s Electroindustry Business Confidence Index (EBCI) for current North American conditions retreated slightly in March, slipping 0.5 points to 72.

The survey’s measure of the degree of change in current North American conditions remained at its highest mark in almost two years in March at +0.7 in February. The EBCI for future North American conditions remained strongly positive, jumping 11 points to 86 in March, its highest reading in more than a year.

Click here for the complete March 2012 report.

NEMA is an Arlington, Va.-based association of power transmission and distribution electrical equipment manufacturers.

-Bill O’Leary

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