NEMA’s EBCI shows growth, declines again
NEMA’s Electroindustry Business Confidence Index for current North American conditions continued to signal electroindustry expansion in January. At 55.2 points, the index topped the 50-point threshold — indicating a business environment favoring industry growth — for the 33rd month in a row. At the same time, the index has declined in each of the last four months, suggesting that conditions have moderated since reaching a near-term peak in late summer. The January EBCI for future North American conditions climbed slightly to 56.9 points, up from 56.3 a month ago.
The Electroindustry Business Confidence Indexes gauge the business confidence of the electroindustry in Asia, Europe, North America and Latin America, and are based on the results of a monthly survey of senior managers at NEMA member companies. Those companies represent more than 80% of the electroindustry.
For a complete summary of the January 2006 index, including charts and a list of participating companies, visit www.nema.org/econ/ebci/upload/01_2006_EBCI.pdf .
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Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
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Read more: 2015 Salary Survey