Business Conditions Lose Steam in June, But Six- Month Outlook Remains Solid
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 (improved significantly).
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.