November EBCI signals growth in current North American business
The Electroindustry Business Confidence Index for current North American conditions rallied in November, climbing 2.1 points to 54.0
The index topped the 50-point threshold indicative of improving conditions for a fourth straight month. By contrast, the EBCI for future North American conditions slipped in November for the second month in a row, declining 3.5 points to 58, but continuing to signal an expected improvement in the business environment over the next six months.
The Electroindustry Business Confidence Index gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin America, and is based on the results of a monthly survey of senior managers at NEMA member companies. Those companies represent more than 80 percent of the electroindustry.
Click here <http://www.nema.org/econ/ebci/index.cfm> for the complete November 2009 report.