Industry News
September 2020 NEMA Electroindustry Business Confidence Index
September 30, 2020
No month has fared better when compared to the previous month than September 2020 scored vis a vis August. With not one report of outright worse conditions, and nearly threequarters indicating a better business environment, the current conditions gauge rose nearly 17 points to an all-time high reading of 85.3. The tenor of respondent comments helps to highlight a caveat regarding the topline number. Despite the record-setting reading, business was not necessarily booming but was better across most of the electroindustry when assessed against last month. As one panelist noted, conditions were “improving slowly.”
