Major Electrical Industry Business Index Declines
The National Electrical Manufacturers Assn.’s Electroindustry Business Confidence Index (EBCI) for current North American conditions declined for the fourth month in a row in August and, at 46.2, came to rest below the 50-point mark, separating a reading indicative of sectoral expansion from one suggestive of contraction.
Previously, the index had topped 50 points for 39 months in a row. At the same time, the future conditions index for North America posted its second straight monthly drop and its fourth in the last five months, sliding to 17.3 from 23.2 in July.
For a complete summary of the August 2006 index, including charts and a list of participating companies, click here .