The electrical sales potential in this region is huge, as more than 40 MSAs (metropolitan statistical areas) have electrical sales potential of more than $100 million. At $1.26 billion in electrical sales potential, the Chicago metro is the largest in the region and one of the very largest in the entire country.
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,089,000, 8.8% below the revised February estimate of 1,194,000, but 14.2% above the March 2015 rate of 954,000....More
While the decline in oil prices seems to have flattened out in recent weeks and some market forecasters see this business improving a little bit this year and making better progress in the 2017, some disturbing trends exist in the oil & gas industry employment data and in the closely watched Baker Hughes rig count....More
NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America surged in March, climbing to 64.7 points from 44.4 points the previous month as more panelists reported conditions improved than eroded....More
While fast-growing cities like New York, Boston, San Francisco, Seattle and Miami snatch many of the headlines on the construction scene because of all their glitzy condo towers and new office projects underway and on the drawing boards, a smaller metropolitan area is showing some impressive growth, too....More
NEMA’s overall Lighting Systems Shipments Index, a measure of demand for lighting equipment, decreased 2.6% quarter-to-quarter while posting a 0.1 percent increase year-over-year during 2015Q4. Linear fluorescent lamp shipments, meanwhile, continued to fall....More
Here’s some good news on the electrical economics front: electrical manufacturers are seeing signs of improvement. NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America surged in March, climbing to 64.7 from 44.4 the previous month...More