NEMA's Electroindustry Business Confidence Index(EBCI)for current North American business conditions rose to 42.1 in September,up from 35.7 and 38.6,respectively,in August and July.Despite rising to a three month high,though,the index remained short of the 50 point level indicating an equal number of panelists see conditions improving as see them deteriorating.Meanwhile,the EBCI for future North American conditions climbed to its highest level in four months,rising to 63.2 in September from 54.8 in August as panelists'optimism rose.
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.
