The National Electrical Manufacturers Association's (NEMA) Electroindustry Business Conditions Index (EBCI) took a massive step forward in March, signifying improving industry conditions almost across the board.
After hitting 44.4 in February, the EBCI jumped more than 20 percent to 64.7 in March, meaning that more index panelists reported improving business conditions. In all, 41 percent of the survey panel reported improving conditions, compared to just 22 percent in February. This the greatest EBCI value since July 2015, when it hit 67.5.
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