February proved successful for the electroindustry, and the future appears bright, according to senior industry executives responding to the National Electrical Manufacturers Association’s (NEMA) monthly Electroindustry Business Confidence Survey.  Seven of the eight EBCI indices improved from January 2007, while six of the eight showed readings in excess of 50 points, the threshold level indicative of growth in the future. February was the second straight monthly gain for the index, which was as low as 30 in December. Current North American conditions came to rest just at the 50-point mark in the flagship ECBI index, the same number of respondents saw conditions improve and decline in February. The ECBI for future North American conditions surpassed 50 points for the first time since April 2006.

The Electroindustry Business Confidence Index, http://www.nema.org/econ/ebci/index.cfm, 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.

For the complete February 2007 report, click here.

http://www.nema.org/econ/ebci/upload/EBCI%20results%20nm%2020070228.pdf