Industry News
February 2022 NEMA Electroindustry Business Confidence Index
February 28, 2022
Bouncing back from last month’s dip to 46.4, the current conditions component recorded the highest reading since last spring, coming in at 66.7 points in February. The 20-point swing was propelled by a sharp increase in the proportion of respondents that reported “better” conditions, even as “worse” responses dropped to zero. Comments painted a picture of robust demand, as evidenced by strong orders activity, hampered by transportation and other supply chain difficulties, with one commenter summing up the situation: “Record quotations and orders, now if we could only ship the stuff.”
