Electroindustry business confidence index moves upward in October

The National Electrical Manufacturers Association’s Electroindustry Business Confidence Index (EBCI) for current North American business conditions again moved upward, climbing to 45.5 in October from 42.1 in September and 35.7 in August. This recent rebound has left the index just short of the 50 point break-even level last surpassed in June.

The survey’s measure of the degree of change in current North American conditions also remained slightly in negative territory in October, unchanged from the previous month at -0.1. The EBCI for future North American conditions edged upward to its highest level in five months in October at 65.9. The index had registered 63.2 in September.

Click here for the complete October 2012 report.

 

-Bill O’Leary

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