Yesterday, the National Electrical Manufacturers Association (NEMA) released its latest Electroindustry Business Conditions Index (EBCI), which indicates that business has improved for North American electrical industry manufacturers since December. The EBCI rose to 50 from 41.2 the previous month.
The report is based on responses provided by 18 panelists, senior managers at NEMA member companies, who predict current and future business conditions. The index for current conditions indicates that an equal share of panelists reported that conditions improved and that they deteriorated.
The EBCI for future business conditions also increased due to a larger share of panelists in January expecting conditions to improve over the next six months than was the case in December. That index climbed to 67.6, up from 52.9 in December.
Check back in next month to read the February report.