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North American business conditions improved in October, NEMA findings show

 An Electroindustry Business Confidence Index (EBCI) from the National Electrical Manufacturing Association (NEMA)indicates that conditions in North America improved on balance in October, climbing to 57.4 from 50 in September.


October 26, 2011  


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 An Electroindustry Business Confidence Index (EBCI) from the National Electrical Manufacturing Association (NEMA)indicates that conditions in North America improved on balance in October, climbing to 57.4 from 50 in September.

The latest month was the first since May in which the index exceeded the 50-point “growth threshold.”

Meanwhile, October’s EBCI for future North American conditions moved higher for a second straight month, increasing to 63 from 58.3 a month ago.

NEMA is the association of electrical equipment manufacturers, founded in 1926 and headquartered in Arlington, Va. Its member companies manufacture products that include power transmission and distribution equipment, lighting systems, factory automation and control systems, and medical diagnostic imaging systems.

Worldwide annual sales of NEMA-scope products exceed US$120 billion.