North American business confidence indexes tumble in January

NEMA’s Electroindustry Business Confidence Index for current North American conditions fell sharply in January, dropping nearly 18 points and reaching its lowest level since December 2006.
By Plant Engineering Staff January 31, 2008

NEMA ’s Electroindustry Business Confidence Index for current North American conditions fell sharply in January. The index dropped nearly 18 points to 30, its lowest level since December 2006, and is indicative of a marked weakening in business conditions facing electrical equipment manufacturers heading into 2008. Meanwhile, the future conditions index for North America also slipped further below 50 in January. The value of the index edged down from 45.7 in December to 42.5 in January.
Click here for the complete January 2008 report.
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.

Want this article on your website? Click here to see how ContentStream® can make that happen.