NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped to 45.5 in June, dropping below the 50-point “growth threshold” for the first time since October 2010, says the Rosslyn, Va.-based organization. The index had climbed as high as 69.6 as recently as February 2011 prior to a sharp run-up in oil prices and Japan’s earthquake and tsunami.
According to NEMA, the survey's measure of the degree of
change in current North American conditions also edged lower in June, declining
to 0.0 from +0.1 in May. Panelists are asked to report intensity of change on a
scale ranging from –5 (deteriorated significantly) through 0 (unchanged) to +5
The EBCI for future North American conditions topped the
50-point mark for a 28th consecutive month in June. The index measured 63.6 for
the month, down from 81.8 in May.
Visit the NEMA site for the complete June 2011 report.
Business Conditions Lose Steam in June, But Six- Month Outlook Remains Solid
June 29, 2011