The National Electrical Manufacturers Association’s Electroindustry Business Confidence Index (EBCI) for current North American business conditions climbed for a second consecutive month in December, rising 5.5 points to 68, its highest level since June. Forty percent of the survey panelists reported improved conditions in December, while only 4 percent reported deteriorating conditions.
The intensity of change in conditions also edged higher in December increasing to plus 0.4 from plus 0.3. Panelists are asked to report intensity of change on a scale ranging from minus 5 (deteriorated significantly) through 0 (unchanged) to plus 5 (improved significantly).
The EBCI for future North American conditions rose for a fourth straight month in December. The index reached 78, its highest mark since well before the recession of 2008–2009 and is up a cumulative 24 points August 2010.