NEMA EBCI Index for January shows mixed results for current and future business conditions

NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America slipped below the 50-point level typically associated with expansion in January for the first time since October 2012. The index declined for the third straight month, falling to 40.6 from 52.8 in December. In sharp contrast, confidence in future business conditions again gained ground in January. The EBCI for North American conditions six months from now rose to 90.6 from 83.3 in December, one of the highest readings in the history of the survey. Details