EBCI Index for Current Conditions Drops Sharply But Remains in Growth Territory

Confidence in future business conditions also declined in May but remained firmly in positive territory. 

NEMA’s Electroindustry Business Confidence Index (EBCI) for current conditions in North America declined in May, falling from 66.7 points in April to 55.9 points, but continued to show signs of improvement in the business environment by remaining above the 50-point mark. The EBCI is a monthly survey of electrical manufacturers’ senior executives published by the National Electrical Manufacturers Association (NEMA), Rosslyn, Va. Any reading over 50 points indicates a growing business

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TAGS: Economy
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