Though up from a near record low a month ago, NEMA’s January Electroindustry Business Confidence Index (EBCI) for current conditions continued to paint a bleak picture in January.
January’s reading rose to 20 points, a 12-point gain from December, when the EBCI hit the lowest point in the past seven years. But it was still well below the threshold of 50 and suggests significant deterioration in the business climate at the start of the new year.
In fact, for the first time, not a single survey respondent reported improved conditions in January.
Click here for the complete January 2009 report (PDF).
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%t of the electroindustry.