Business conditions readings retreat modestly – Oct 09
October 30, 2009 By Anthony Capkun
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. Nonetheless, at 51.9, the index managed to breach the critical 50-point threshold for the third straight month, suggesting at least a modest improvement in industry conditions relative to September.
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.
The Electroindustry Business Confidence Index 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 (National Electrical Manufacturers
Association). Those companies represent more than 80% of the
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