Shipments of industrial controls products and systems, as measured in NEMA’s Primary Industrial Controls index, increased 0.2 percent on a quarterly basis (q/q) during the first quarter of 2014. The index registered a larger gain of 1.9 percent compared to the same period a year ago. A more comprehensive measure of demand, NEMA’s Primary Industrial Controls and Adjustable Speed Drives Index, showed mixed results during the quarter. The index decreased by 2.3 percent (q/q), while year-over-year performance posted a gain of 1.3 percent.
NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Rosslyn, Virginia. Its 400-plus member companies manufacture a diverse set of products including power transmission and distribution equipment, lighting systems, factory automation and control systems, and medical diagnostic imaging systems. Total U.S. shipments for electroindustry products exceeds $100 billion annually.
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