The Current Conditions component of NEMA’s Electroindustry Business Conditions Index edged down from 68.8 points in September to 64.7 in October, a reading still well within the range considered to be indicative of expansion in the electrical industry. The EBCI 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 see conditions improving than see them deteriorating.
Although the share of panelists expecting better conditions increased two percentage points to 65 points in October, the EBCI Future Conditions component declined modestly to 73.5 points in October after having reached 75 last month. The proportion of respondents who expect worse conditions grew from 13 percent in September to 18 percent this month while expectations for unchanged conditions dropped seven points to hit 18 percent in October.
