Business conditions index for electroindustry grows slightly

The National Electrical Manufacturers Association’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America was largely steady in February, inching upward to 57.9 from 57.5 in January. In contrast, the survey’s measure of the mean degree of change in current North American conditions softened in February, retreating to +0.2 from +0.4 a month ago.

NEMA image

NEMA image

Meanwhile, the EBCI for future North American conditions gained ground, climbing to 78.9 in February, up 11.4 points from January’s reading of 67.5. Nearly two-thirds, 63%, of February’s panelists expect the business environment to improve over the next six months, up from 55% a month ago, compared to only 5% who expect it to decline, down from 25% a month ago. Another 32% of panelists expect conditions to remain largely unchanged during the next two quarters.

The EBCI indexes are based on the results of a monthly survey of senior managers at
NEMA member companies and are designed to gauge the business environment of the electroindustry in North America (defined here as the United States and Canada).
Click here for the complete February 2015 report.
-Bill O’Leary
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