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North American Business Conditions Improve for Second Consecutive Month in November

11/30/2011 10:00AMSign-up to receive press releases.

(ROSSLYN, VA)–Results from NEMA’s latest business conditions survey showed the economic environment facing the North American electroindustry improved for a second straight month in November. Though the Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped to 56 from 57.4 in the previous month, it nonetheless cleared the 50 mark above which more panelists than not see an improvement in the business environment. Twenty percent (20%) of survey panelists reported improved conditions in November compared to the previous month while only 8% experienced deteriorating conditions. The vast majority–72%–saw no change in conditions.

Likewise, while November’s EBCI for future North American conditions eased to 60 from 63 a month ago, the gauge of expectation six month hence continued to point in a positive direction. Some 32% of panelists said they expected conditions to improve to at least some degree over the next six months versus 12% anticipating they will worsen.

Click here for the complete November 2011 report.

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.

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