NEMA Electroindustry Business Confidence Index Increases Sharply
The National Electrical Manufacturers Assn.’s Electroindustry Business Confidence Index for current North American conditions posted a sharp increase in February, climbing to 68.5 points from 55.2 in January. The most recent month’s reading was the strongest since last September and the 34th in a row above the critical 50-point threshold indicative of favorable business conditions.
At the same time, the January EBCI for future North American conditions slipped slightly to 53.6 points, down from 56.9 a month ago.
The diffusion of positive sentiment regarding North American business conditions saw its biggest jump in five months as the strength of the electroindustry surprised a number of panelists. For a complete summary of the February 2006 index, including charts and a list of participating companies, click here .