Confidence index for electroindustry businesses climbs to highest point in seven months

The National Electrical Manufacturers Assocation’s Electroindustry Business Confidence Index (EBCI) for current North American business conditions climbed nearly 13 points in October, its third straight monthly increase, to 58.3. The index reached its highest mark since April, while more respondents than not reported an improved business environment for the first time since June.

The survey’s measure of the degree of change in current North American conditions also reversed course in November. At +0.4, up from -0.1 in October, it reached positive territory for the first time in six months. On the other side of the coin, the EBCI for future North American conditions posted a modest retreat in November, slipping to 61.1 from 65.9 a month ago, but remained above the 50-point growth threshold.

Click here for the complete November report.

NEMA is a Rosslyn, Va.-based association of electrical equipment manufacturers with member companies that manufacture power transmission and distribution equipment, factory automation products, and control systems.

-Bill O’Leary

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