The economic environment facing electrical equipment manufacturers continued to show strong improvement in April, according to respondents to NEMA’s latest business confidence survey.
While the Electroindustry Business Confidence Index (EBCI) for current North American conditions was unchanged in April at 71.7, it matched its highest monthly level since May 2004. Readings above 50 are typically associated with an improvement in conditions, and vice-versa.
Moreover, the EBCI for future North American conditions, which advanced 2.2 points to 73.9 in April, reflects widespread sentiment that the improvement seen over the last several months will persist through the summer.
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