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The current conditions EBCI slid 6.6 points to 41.3. While that was only the second decline in the last six months, the index has remained below the key 50-point mark associated with conditions supportive of industry growth since November 2007.

Meanwhile, the EBCI for future North American business conditions rose in June for a fourth month in a row, increasing nearly 3 points to 68.2, the highest level since August 2005. This indicates a growing proportion of industry executives see an improvement of at least some degree in the business environment within the next six months from today’s depressed levels.

Click here for the complete June 2009 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 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.

Press/Public Relations Contacts:
NEMA Communications Department
Email: communications@nema.org