Electroindustry Business Confidence Index Up Again in February Mar 3, 2011

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The Electroindustry Business Confidence Index (EBCI) for current North American conditions, derived from a survey of senior industry executives, climbed 6 points to reach 69.6 in February. NEMA, a trade association for the electrical manufacturing industry, said the January reading was 63.6.

The index has been above 60 points for four months running, which NEMA said indicates a sustained improvement in the economic environment facing a broad cross-section of electrical equipment manufacturers. A reading above 50 indicates more panelists reported better conditions compared to the previous month than reported worse conditions.

The EBCI for future North American conditions slipped modestly in February from the near seven year high recorded in January, but remained at an elevated level by historical standards at 84.8. 70% of panelists expect to see conditions improve in the next six months, while none of the 23 respondents anticipate deterioration.

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