Industry News
November EBCI Signals Growth In North American Business Conditions For Fourth Consecutive Month
November 27, 2009
The Electroindustry Business Confidence Index (EBCI) for current North American conditions rallied in November, climbing 2.1 points to 54. The index topped the 50-point threshold indicative of improving conditions for a fourth straight month. By contrast, the EBCI for future North American conditions slipped in November for the second month in a row, declining 3.5 points to 58, but continuing to signal an expected improvement in the business environment over the next six months.
Click here for the complete November 2009 report.
The Electroindustry Business Confidence Index gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin America, and is based on the results of a monthly survey of senior managers at NEMA member companies. Those companies represent more than 80 percent of the electroindustry.
NEMA is the association of electrical and medical imaging equipment manufacturers. Founded in 1926 and headquartered near Washington, D.C., its approximately 450 member companies manufacture products used in the generation, transmission and distribution, control, and end use of electricity. These products are used in utility, industrial, commercial, institutional, and residential applications. The association’s Medical Imaging & Technology Alliance (MITA) Division represents manufacturers of cutting-edge medical diagnostic imaging equipment including MRI, CT, x-ray, and ultrasound products. Worldwide sales of NEMA-scope products exceed $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing and Mexico City.
