Latest from Mag

Plenty of executive appointments over the past two weeks. Here’s Electrical Marketing’s expanded coverage of personnel changes in the electrical market.
Dec. 21, 2012
Wire man John Pasqual and lighting rep Jack Melnick
Dec. 21, 2012
Image
Electrical product prices remained on their flat trend, showing no change from October and little change in almost all major product categories.
Dec. 21, 2012
Image
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 861,000, 3% below the revised October estimate, but 21.6% above the Nov. 2011 rate.
Dec. 21, 2012
Dec. 21, 2012
Veteran reps form new agency in Raleigh; WinWholesale buys Lloyd Graves in Texas; United Electric Supply expands through acquisition; and more.
Dec. 21, 2012
W.W. Grainger Inc., Lake Forest, Ill., announced plans to purchase Techni-Tool Inc., Worcester, Pa., a 200-plus employee distributor supplying customers in the cable television...
Dec. 21, 2012
Kaman Industrial Technologies (KIT), the industrial distribution business Kaman Corp., Bloomfield, Conn., has built up in recent acquisitions of Minarik, Zeller Electric and others...
Dec. 21, 2012
New York Mayor Michael Bloomberg offered an update on the city’s plans to renovate its infrastructure to withstand future storms.
Dec. 7, 2012

NEMA's EBCI Plummets In October

NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions tumbled in October, dropping 17.5 points to 20, its lowest level since November 2001.
Nov. 7, 2008
2 min read

NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions tumbled in October, dropping 17.5 points to 20, its lowest level since November 2001. October’s decline represented a breakout to the downside from the low 30- to high 40-point range seen over most of the last year-and-a-half and signaled further weakening in the business environment facing electrical equipment manufacturers.

Any reading under the 50-point break-even mark signals declining market conditions.

The index is a monthly survey of senior executives at electrical manufacturers published by the National Electrical Manufacturers Association (NEMA), Rosslyn, Va.

The EBCI for future North American conditions posted a large drop for a second straight month, down 11.7 points to 17.5 points, its lowest in more than two years. As recently as August, the future conditions index had measured as high as 40.7 points. Both current and future conditions indexes for each of the other three world regions included in the survey also fell in October relative to September:

  • The current conditions reading for Latin America declined to 32.1 points from 55.6 points, while the future conditions indicator dropped to 10.7 points from 41.7 points.
  • The current conditions reading for Europe declined to 25 points from 28.1 points, while the future conditions indicator dropped to 21.4 points from 21.9 points.
  • The current conditions reading for the Asia/Pacific region declined to 30.8 from 50, while the future conditions indicator dropped to 23.1 points from 47.2 points.