NEMA's Industrial Controls Index Posts Gain in 2Q

NEMA's Primary Industrial Controls Index increased 6.4 percent in the second quarter of 2010 versus the first quarter. Overall, the index has registered four consecutive quarter-to-quarter increases and is now 24.8 percent above its year-ago level—representing the largest year-over-year percentage gain since late 1992. Even with this improvement, however, inflation- and seasonally-adjusted shipments remain more than 18 percent below their cyclical peak from two years earlier. Details