Following a surge into growth territory in November, NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped from 52.2 points to 47.8 points in December. This suggests a modest reversal in business conditions from November, when the EBCI, a monthly survey of electrical manufacturers published by the National Electrical Manufacturers Association (NEMA), Rosslyn, Va., had signaled the first month-to-month improvement since April.

The EBCI indexes measure the sentiment across the electrical manufacturing industry, with a reading above 50 indicating conditions favorable for industry expansion. A companion measure, the mean degree of change in North American business conditions was flat — registering a 0 on a scale ranging from –5 (deteriorated significantly) through 0 (stayed the same) to +5 (improved significantly) — for a second straight month, implying a largely flat business environment since October.

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