The Current Conditions component registered 63 points in July, essentially unchanged from June’s reading of 63.2 points and remaining in expansionary territory. Thirty-nine percent of respondents reported “better” conditions; 13% reported “worse,” and 48% indicated conditions were unchanged.
The ElectroIndustry Business Conditions Index (EBCI) is a monthly survey of executives at electrical manufacturers published by the National Electrical Manufacturers Association (NEMA). Any score over the 50-point level indicates a greater number of panelists see conditions improving than see them deteriorating.
Respondent comments suggested conditions remained generally positive, supported by data center, energy, infrastructure and industrial demand, though tariff uncertainty, raw material costs, procurement delays and softness in some markets continued to weigh on activity.
The outlook held steady in July, as the Future Conditions component registered 73.9 points compared to June’s 76.3 points, remaining solidly above the expansionary threshold. Looking ahead six months, 61% of respondents expected conditions to be “better,” 13% anticipated conditions would be “worse” and 26% reported conditions would likely remain unchanged.
Respondents generally anticipated conditions to remain favorable, supported by continued data center, energy, infrastructure, and grid-related demand, though trade policy uncertainty, inflation, interest rates and geopolitical risks remained key concerns.