Industry News
August 2022 NEMA Electroindustry Business Confidence Index
September 12, 2022
Following three months of downbeat readings on business conditions facing the electroindustry, as measured by the current conditions component of the EBCI, sentiment reached 50 points, signaling unchanged conditions from the previous month. The more than six-point gain from July’s 43.8 was led by an uptick in the share of respondents that reported “better” conditions in August. However, the largest proportion of panel members continued to note “unchanged” conditions. Comments indicated that some respondents have seen pockets of growth in an otherwise slowing economy. In a striking change from comments submitted over the past 15 months, the only mention of supply problems in August’s current conditions commentary pointed to “minimal improvement in supply chain issues.”
