Industry News
June 2024 NEMA Electroindustry Business Confidence Index
July 07, 2024
After three months of decline and stagnation, the current conditions component increased to 57.7 in June, elevating it back to the robust levels seen at the beginning of the year. The majority of respondents, 69 percent, report that current conditions are “unchanged” and 23 percent report current conditions are “better”. This sentiment was echoed in panel members’ comments, which were mixed as some noted increased orders and investments in data centers while others expressed concerns about political instability, market uncertainty, and sluggish business.
