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Changes in the future confidence indexes were also largely subdued, with the notable exception of Europe, which expanded by seven points to land squarely on the growth threshold value of 50.0. Already bullish expectations for business conditions in North America and Asia/Pacific became more so by approximately two and one-half points as the indexes reached 79.3 and 62.5 points, respectively, in December. Meanwhile the breadth of confidence in business conditions six months out in Latin America improved by just over one point to 76.3.

For a complete summary of the index, including charts and a list of participating companies, visit the December EBCI.

The Electroindustry Business Confidence Index indices gauge 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.

NEMA is the leading trade association in the United States representing the interests of electroindustry manufacturers. Founded in 1926 and headquartered near Washington, D.C., its 400 member companies manufacture products used in the generation, transmission and distribution, control, and end-use of electricity. Domestic shipments of electrical products within the NEMA scope exceed $100 billion.

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