Industry News
September 2023 NEMA Electroindustry Business Confidence Index
September 29, 2023
In September, the current conditions component settled at 50 points for the second consecutive month. The 29 percent share of respondents that reported “better” conditions exactly matched those noting “worse” conditions, for a net result of unchanged from the prior month. Panel members’ comments suggested sectors such as power utility, industrial, data center, and infrastructure remained strong, but excess inventories, “sporadic supply chain issues,” and slowing orders activity were notable concerns.
