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Electroindustry Business Confidence Indexes Rebound
May 28, 2008
Following sharp drops a month ago, NEMA's Electroindustry Business Confidence Indexes (EBCI) for both current and future North American conditions rebounded in May.
The EBCI for current North American conditions, after tumbling to 27.3 in April, sprang back to 48. Though the rebound in the EBCI for future North American conditions was far less pronounced, the 2.5 point rise erased most of the previous month's loss and brought the index back to near its March level.
Meanwhile, current and future conditions indexes for the other three world regions included in the EBCI survey were generally down in May.
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.