Electroindustry confidence index indicates improvement in April

The National Electrical Manufacturers Association’s April Electroindustry Business Confidence Index (EBCI) for current North American business conditions indicated continued improvement in the business environment. The index edged up to 66.7 from the 65.9 recorded in March. By contrast, confidence in future business conditions declined in April but remains firmly in positive territory, according to NEMA.  The EBCI for North American conditions six months hence retreated by just over 10 points in April to 80.6 from 90.9 in March.

The survey measures the degree of change in current North American conditions by asking panelists to report intensity of change on a scale ranging from -5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).

Click here for the complete report.

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

-Bill O’Leary

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