Electrical Business Conditions Dip Slightly in June—But Still Indicate Growth
The National Electrical Manufacturers Assn., Rosslyn, Va., reports that its Electroindustry Business Confidence Index (EBCI) for current North American conditions measured 53.6 in June, its 39th consecutive month above the 50-point threshold, indicating conditions favorable to growth.
Although the index declined on the month, the drop was a modest one of only 2.2 points from a reading of 55.8 in May. Meanwhile, the index for future North American conditions rose slightly from last month’s low water mark, climbing 0.9 points to 27.8.
The business environments in each of the other world regions included in the survey were somewhat stronger. Current conditions in Latin America, Europe and the Asia/Pacific region all posted strong readings in the low 60s, while future conditions measures for each of these regions reached or exceeded 50.
For a complete summary of the June 2006 index, including charts and a list of participating companies, click here .