Slowdown in rate of improvement seen in NEMA’s latest numbers

With its Electroindustry Business Confidence Index for North America’s current conditions falling to 59.1 in April—a drop of 13 points—NEMA noted that, “despite the slide…the index continues to point to an economic environment conducive to industry growth.”’

A level of “50” separates an expansionary economic environment from one in which contraction is likely, according to NEMA economists.

The April reading saw this subindex fall four points to a still-stunningly high 81.8. This is “at the high end of its historic range,” NEMA said.

Tagged with

Comment on the story

Your email address will not be published. Required fields are marked *