NEMA’s Electroindustry Business Confidence Index (EBCI) indicated that conditions facing the North American electroindustry improved on balance in October, climbing to 57.4 from 50 in September. The latest month was the first since May in which the index exceeded the 50-point “growth threshold.” Meanwhile, October’s EBCI for future North American conditions moved higher for a second straight month, increasing to 63 from 58.3 a month ago.
Here is an excerpt from the report:
"The survey’s measure of the degree of change in current North American conditions also climbed in October, inching up to +0.1 from 0.0 in September. The measure had lost ground in each of the two prior months. Panelists are asked to report intensity of change on a scale ranging from –5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).
Meanwhile, October’s EBCI for future North American conditions moved higher for a second straight month, increasing to 63 from 58.3 a month ago. Almost 41% of panelists said they expected conditions to improve over the next six months versus 15% anticipating they will worsen. In September, about 37% of panelists said they expected an improvement, while nearly 20% reported anticipating a decline."