NEMA's industrial control business index up 14% from 2003

The National Electrical Manufacturers Association (NEMA) reports that its Primary Industrial Control Index improved by nearly 14% in the third quarter of 2004 (3Q04) from the same period a year earlier. The 3Q04 index level of 84.4 marks the highest the primary index has reached since 1Q01.

12/01/2004


The National Electrical Manufacturers Association (NEMA) reports that its Primary Industrial Control Index improved by nearly 14% in the third quarter of 2004 (3Q04) from the same period a year earlier. The 3Q04 index level of 84.4 marks the highest the primary index has reached since 1Q01. Although the index has not recovered all the ground it lost after peaking above 102 points early in 2000, this indicator has now improved for seven of the last nine quarters.

Also, though NEMA's combined Primary Industrial Control and Adjustable Speed Drive Index slipped slightly from 2Q04, the 3Q04 index value of 104.8 was 8% higher than in 3Q03. This index extends only back to the first quarter of 2001, but these latest results for 3Q04 show it has remained above 100 for three consecutive periods for the first time in its short history.





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