The EBCI indexes are based on the results of a monthly survey of senior managers at NEMA member companies and are designed to provide a measure of changes in the business environment facing electrical equipment manufacturers.
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The current conditions component of the electroindustry business
confidence index moved up from 66.7 in December to 71.4 this month. Fully
one-half of the survey panel noted better conditions in January as the share of
those indicating an unchanged business environment declined. Although the
proportion of respondents reporting worse conditions edged up, one such
member’s comment made it clear that January was worse only because the previous
month was “amazing.” The expansionary reading of current conditions in January
marked the 16th consecutive month this component topped 50, making it the
longest such stretch since before the last recession. It is worth nothing that
this upbeat sentiment has yet to materialize in hard data for some segments of
the electroindustry such as lighting and manufacturing-related equipment, which
have experienced declining shipment numbers reported by the U.S. Census Bureau
on a year-over-year basis for most of 2017. EBCI results 20180131nm.pdf