ROSSLYN, Va,.—NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions jumped sharply in February, rising more than 18 points to 72.5, its highest level in more than six years. The survey’s measure of the degree of change in current North American conditions rose to its highest mark in almost 2 years, soaring to +0.7 in February from +0.1 in January. Meanwhile, the EBCI for future North American conditions, though remaining firmly positive, retreated slightly in February. The index slipped a little more than 4 points to 75 following a combined increase of nearly 20 points in December and January.
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NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Arlington, Virginia. Its member companies manufacture a diverse set of products including power transmission and distribution equipment, lighting systems, factory automation and control systems, and medical diagnostic imaging systems. Worldwide annual sales of NEMA-scope products exceed $120 billion.
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