Today, the National Electrical Manufacturers Association (NEMA), reported that October's Electroindustry Business Conditions Index (EBCI), a broad category that focuses on North American electrical industry manufacturers, improved after two consecutive months of decline. The EBCI for current business conditions posted October's value of 44.7, following August's and September's scores of 52.5 and 42.5, respectively. The report is based on responses provided by panelists, senior managers at NEMA member companies, who predict current and future business conditions. The index for current conditions indicates that more panelists reported that business declined than said that they improved.
In looking to the future, 53 percent of panelists expect business conditions to rebound six months from now. Meanwhile, 16 percent of panelists believe conditions will worsen, and 32 percent think they will remain unchanged.