Industry News
August 2019 NEMA Electroindustry Business Confidence Index
August 30, 2019
The nearly 12 point decline in the current conditions component, which now stands at 41.2 for August, was largely driven by a drop in the share of respondents that reported better conditions, coupled with an increase of similar magnitude in the proportion that noted unchanged conditions. The current component’s relapse to a reading of less than 50 was accompanied by continuing concerns about the uncertain nature of trade and tariff policy intermixed with reports of strong markets in some sectors.
