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NEMA says shipments of industrial control equipment weakened in 4Q 2012

March 1, 2013
The Primary Industrial Controls Index published by the National Electrical Manufacturers Association (NEMA), Rosslyn, Va., decreased 1.6% on a quarter-to-quarter basis during the fourth quarter of 2012.

The Primary Industrial Controls Index published by the National Electrical Manufacturers Association (NEMA), Rosslyn, Va., decreased 1.6% on a quarter-to-quarter basis during the fourth quarter of 2012. However, the index stands 5.1% above its year-ago level and 43% above the cyclical trough observed in mid-2009. Nonetheless, inflation- and seasonally-adjusted shipments still remain below the pre-recession peak reached in 2007. The Primary Industrial Controls and Adjustable Speed Drives Index, a broader measure of industrial controls demand, also posted a slight decline during the fourth quarter of 2012, falling 0.3% following a 1.2% loss in the third quarter. However, the index increased 7.6% on a year-over-year basis. Details