Industry News
December 2022 NEMA Electroindustry Business Confidence Index
January 03, 2023
The electroindustry experienced a month of relative stability in December, as the current conditions component edged up 7.7 points from November's reading to reach 50.0, a level indicating conditions had not changed from the previous month. This marked the fourth time the current conditions had hit the midpoint in the past calendar year. The modest uptick was driven by a slight increase in the share of panel members that reported “better” conditions while the majority of panelists noted “unchanged” conditions. Comments indicated that some respondents have seen pockets of growth, with "strong demand in key segments of the electrification transition," while others noted evident cooling in the residential market and slowing orders activity.
