Electroindustry confidence index picks up in 2013

The National Electrical Manufacturers Association’s January Electroindustry Business Confidence Index (EBCI) for current North American business conditions built on the momentum generated at the end of 2012, climbing for the fifth month in a row to 73.8. The nearly ten point gain relative to December brought the index to its highest level since the recession. Moreover, the survey’s measure of the degree of change in current North American conditions was in positive territory for a third straight month.

The EBCI for future North American conditions rose for the second month in a row, increasing to a ten-month high of 85.7. The index measured 72.2 in December.

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

-Bill O’Leary