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North American Conditions Sag in December, but Future Sentiment Jumps
22 Dec 2006
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(ROSSLYN, VA) — The National Electrical Manufacturers Association’s (NEMA) monthly indicator of current North American business conditions declined for the second month in a row in December. The Electroindustry Business Confidence Index (EBCI) for current North American conditions dropped to 30 from 39.6 a month ago, and trailed the 50-point threshold indicative of industry expansion for a fifth straight month. In contrast, the EBCI for future North American conditions, a measure of executives’ expectations for conditions six months ahead, climbed nearly 15 points in December to 48. Although still slightly below the critical 50-point barrier, December’s reading brought the index to its highest level since April. Meanwhile, each of the six EBCIs for the other world regions included in the survey reached or exceeded the 50-point growth threshold in December, with five of the six indices climbing from a month earlier.
For a complete summary of the December 2006 index, including charts and a list of participating companies, click here.
The EBCI (http://www.nema.org/econ/ebci/index.cfm) gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin America, and is 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 trade association of choice for the electrical manufacturing industry. Founded in 1926 and headquartered near Washington, D.C., its 430 member companies manufacture products used in the generation, transmission and distribution, control, and end-use of electricity. These products are used in utility, medical imaging, industrial, commercial, institutional, and residential applications. Domestic production of electrical products sold worldwide exceeds $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing, São Paulo, and Mexico City.
Press/Public Relations Contacts:
NEMA Communications Department
Email: communications@nema.org
Phone: (703) 841-3286
Fax: (703) 841-3386
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