Electroindustry Business Conditions Index (EBCI)
The EBCI indices 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.
For more information,
e-mail NEMA Business Information Services.
February 2024
The shift in the share of respondents reporting
“unchanged” to “worse” conditions led to a decrease in the current conditions
component to 57.7 points in February, down from the previous month’s 62.5.
After having expanded for four consecutive months, the current conditions
reading still stands at its second highest point since February 2023. Although
the quantitative score declined, the member comments, similar to last month
were mixed, largely reflecting stability. Panel members mentioned large data
center projects in the coming months, and solid orders activity in the first
quarter, but at least one respondent noted concern about rising supply chain
disruptions. EBCI results 202402nm
January 2024
A
sharp falloff in the share of respondents reporting “worse” conditions helped
propel the current conditions component to 62.5 points in January, up from the
previous month’s 56.3. Having expanded for four consecutive months, the current
conditions reading stands at its highest point since February 2023. Although the
quantitative score was firmly in expansionary territory, and accelerating,
panel member comments were lukewarm, largely reflecting stability rather than
strong growth. Alluding to the mixed, but generally improving business
environment, one respondent noted that, “the residential market is the only
concern at this point…” EBCI results 202401nm