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Current business conditions in North America for the month of June were considerably improved compared to May 2007, according to the results of the Electroindustry Business Confidence Index (EBCI) survey of senior executives.
Having improved from 38.6 to 50.0 in June, the index sat squarely astride the threshold, indicating conditions were favorable to growth. Although June’s score just touched—but did not cross—the growth line, the sharp rebound from May’s reading suggests it was just an abnormality.
Following this largely positive pattern, the EBCI future conditions index for North America remained at or above 50 for the fifth consecutive month with June’s score of 60.4.
The future conditions index measures the respondents’ expectations regarding business conditions six months from now. Clearly, the panel members are expecting the electroindustry in North America to grow in the coming months.
For the complete report, visit www.nema.org. EC