NEMA’s Business Conditions Index for current conditions improved for the second month in a row, with September’s value edging up three points to 68.8 points. The higher score is attributable exclusively to sentiment shifting away from “unchanged.”
The EBCI Index is a monthly survey of senior executives at electrical manufacturers published by the National Electrical Manufacturers Association (NEMA), Rosslyn, Va. Any score over the 50-point level indicates a greater number of panelists from the electrical market see conditions improving than see them deteriorating.
The share of panel members that reported better conditions edged up six points to 50% in September while the proportion that saw unchanged conditions was six percentage points fewer than in August. The segment of respondents noting “worse” conditions remained stable at 13%.
The future index’s expansion in September was even more pronounced than its current conditions counterpart. It moved from 62.5 points in August to 75 points this month.
