Electroindustry Business Conditions Index Shows Signs of Improvement
Dec 4, 2013
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NEMA's Electroindustry Business Conditions Index (EBCI) for current conditions in North America was 53.1 in November 2013, from 56.3 in October. EBCI said the index showed signs of improvement in the business environment by remaining above the 50-point mark.
The report showed that:
* 25% of respondents reported conditions improved in November, from 31% who said so in October
* 19% said conditions deteriorated in November, the same as in October
The survey's measure of the degree of change in current North American conditions eased from +0.3 in October to +0.1 in November. Panelists report intensity of change on a scale ranging from -5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).
Confidence in future business conditions increased in November. The EBCI for North American conditions six months in the future was up to 81.3, from 71.9 in October. 63% of survey respondents expect conditions to improve in the next six months, up from about half in October. No respondents anticipated a deterioration in the business environment in the coming two quarters; in October, 6% of panelists expected deterioration in the coming six months.
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