The EBCI—the National Electrical Manufacturers Association index of electroindustry business conditions—showed improvement from June 2014 to July.
The survey showed that current conditions in North America increased to an index reading of 54.5 in July 2014, from 50 in June and in May 2014. NEMA reported that:
• 32% of respondents reported that business conditions improved in July 2014, up from 25% who said so in June
• 23% of respondents reported that business conditions deteriorated in July 2014, down from 25% in June
• 45% of respondents said conditions were unchanged from June to July.
The survey’s measure of the mean degree of change in current North American conditions fell to 0.0 in July, from +0.2 in June. Panelists report intensity of change on a scale ranging from –5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).
The EBCI for future North American conditions remained near the top of its historic range in July 2014, hitting 84.1 in July, from 82.5 in June 2014:
• 73% of survey respondents expect conditions to improve in the next six months, up from 70% in June 2014
• 5% reported that deterioration in the business environment, unchanged from June
to Daily News