North American Business Conditions Readings Retreat Modestly in October

The National Electrical Manufacturers Association (NEMA)’s Electroindustry Business Confidence Index (EBCI) for current North American conditions lost ground in October for the first time in four months, falling 6.7 points. Nevertheless, at 51.9, the index is still above the critical 50-point threshold for the third straight month, suggesting at least a modest improvement in industry conditions relative to September.

The EBCI gauges the business confidence of the electroindustry in Asia, Europe, North America and Latin America, and is based on the results of a monthly survey of senior managers at NEMA-member companies. Those companies represent more than 80 percent of the electroindustry.

The EBCI for future North American conditions also slipped in October, declining 7.4 points to 61.5. While a sizable proportion of industry leaders continue to expect further improvement in the business environment during the next six months, anecdotal comments suggest that the degree of improvement is largely seen as limited.

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