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(ROSSLYN, VA) – NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions dropped for a third straight month in December, sliding by almost 10 points from a month earlier. At 8 points, the index fell to its lowest level since October 2001. In marked contrast, the EBCI for future North American conditions has trended in a positive direction over the past two months. The December reading showed a sharp gain of more than 16 points, lifting the index to a six-month high of 36 points, up from 19.6 points a month ago and 17.5 points in October.
Click here for the complete December 2008 report.
The Electroindustry Business Confidence Index 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 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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