Electrical Systems

Electro-industry business confidence still robust

Source: PlantServices.com

May 08, 2006

The National Electrical Manufacturers Association's (NEMA) Electroindustry Business Confidence Index (EBCI) for current North American business conditions measured in the high 60s for the third straight month in April, indicating that industry sentiment has remained at a robust level for much of the first third of the year. Indeed, with April's reading of 66.7 points, the monthly index has now topped the 50-point threshold without exception for three full years, a prolonged period of favorable conditions.
Business conditions in each of the other three world regions included in the survey also surpassed 50 points once again, though current conditions indices were down from a month ago in Europe and the Asia/Pacific region. Current Latin American conditions were essentially unchanged.
For a complete summary of the April 2006 index, including charts and a list of participating companies, visit http://www.nema.org/econ/ebci/upload/04_2006_EBCI.pdf.
The Electroindustry Business Confidence Index gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin America, and are 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.