NEMA Reports Latest Business Conditions

Demand for industrial controls showed a marked increase during the second quarter of 2014, with NEMA’s Primary Industrial Controls Index posting a gain of 1.7 percent compared to the previous quarter. The index grew three percent on a year-over-year basis. NEMA’s Primary Industrial Controls and Adjustable Speed Drives Index, a broader measure of industrial controls demand, showed an increase of 1.5 percent (q/q)–reaching a new high for the series. Year-over-year performance showed robust growth of five percent.