NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American business conditions extended its late-year rally in December, climbing for a fourth month in a row to 63.9. The index reached its highest mark since March, while more respondents than not reported an improved business environment for the second consecutive month.
The EBCI for future North American conditions also gained ground in December, jumping more than 11 points to 72.2, its highest reading since April, following on the heels of a modest retreat the previous month.
NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Arlington, Virginia. Its member companies manufacture a diverse set of products including power transmission and distribution equipment, lighting systems, factory automation and control systems, and medical diagnostic imaging systems. Worldwide annual sales of NEMA-scope products exceed $120 billion.
