NEMA’s Primary Industrial Controls Index decreased 1.3 percent on a quarterly basis during 2014Q4. However, year-over-year growth showed an improvement of 2.4 percent. NEMA’s Primary Industrial Controls and Adjustable Speed Drives Index, a broader measure of industrial controls demand, posted a decline of 1.2 percent during the quarter. Meanwhile, the index gained 4.8 percent compared to the same period last year. The index closed calendar year 2013 3.5 percent higher than 2012.
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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