The EBCI indexes are based on the results of a monthly survey of senior managers at NEMA member companies and are designed to provide a measure of changes in the business environment facing electrical equipment manufacturers.
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*Please note that no EBCI reports were issued in July, August, and September 2013.
At an aggregate level business
confidence remained unchanged in February, hitting the same 72.2 mark as in
January. A sense of wait-and-see has crept into some of the comments, resulting
in 11 point drops in the percentage of respondents reporting both better and
worse conditions, along with a 22 point increase in the share of those who see
current conditions as unchanged. Despite the internal churning, the current
conditions index remains quite firmly in the expansionary range. EBCI results 20170222nm.pdf
Mixed in with guarded optimism, panel comments also noted some market
softness and uncertainty about the policy course being charted by Washington.
Nevertheless, buoyed by a surge of respondents reporting better conditions the
current conditions index moved to 72.2, which is the highest reading in nearly
4 years. Most of the movement came from fewer panelists reporting unchanged
conditions: only 22 percent in January versus 44 percent last month. Although
some of that exodus resulted in a 6 point increase in those seeing worse
conditions, 61 percent registered better conditions now compared to 44 percent
in December. EBCI results 20170125nm.pdf