NEMA’s EBCI for Current Conditions Slides for Third Straight Month In June

NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America declined for a third straight month in June. The index fell to 47.2 points from 50 points a month ago and from 54.8 in April as a higher proportion of panelists (28%) reported business conditions deteriorated in June than reported they improved (22%.) The balance (50%) reported conditions were unchanged.

In contrast, the EBCI for future North American conditions posted a modest advance on the heels of three consecutive monthly declines, rising to 52.8 points in June from 52.2 points in May. Thirty-nine percent of June’s panelists expect the business environment to improve over the next six months, while 33% expect it to decline. In May these figures were 35% and 30%.

The EBCI Index is a monthly survey of senior executives at electrical manufacturers published by the National Electrical Manufacturers Association (NEMA), Rosslyn, Va. Any score over the 50-point level indicates a greater number of panelists see conditions improving than see them deteriorating.