Construction + Economy

Electroindustry Business Confidence Plummets, with Improving Prospects for First Half of 2010

Craig DiLouie January 11, 2010

The Electroindustry Business Confidence Index (EBCI) for current North American conditions fell 5.7 points in December to 48.2.

The index failed to top the critical 50-point threshold for the first time since July, indicating modest deterioration in the business environment following a period of steady, if slow, growth over the last several months.

By contrast, EBCI for future North American conditions rebounded in December following declines in each of the two previous months. At 64.3, the index posted its tenth straight reading above 50, with a 6.3 point gain relative to November suggesting the degree of anticipated improvement in conditions over the next half year increased in the latest month.

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