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Electroindustry Business Conditions Index


​​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.

For more information, e-mail NEMA's Business Information Services.

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2020  |  2019  |  2018  |  2017

March 2020

Some parts of the electroindustry were reporting healthy business in March, but most respondents were already reporting worsening conditions by the middle of the month. The current conditions component, with a majority of panel members reporting worse conditions, shrunk to 31.3 points in March from last month’s reading of 50. Most of the responses were submitted prior to the wave of state-imposed “stay in place” and lockdown orders and so appear to be more reflective of reduced demand driven by uncertainty than by the effect of planned shutdowns.​ EBCI results 202003nm.pdf

February 2020

Current conditions retreated in February but did not fall back out of expansionary territory. The 9-point slide from last month's result left the February number at 50 points. The share of respondents noting better conditions declined, while the number reporting worse conditions increased by a similar amount. The proportion of unchanged responses held steady. Much of the commentary contained a sense of optimism shot through with concern over the coronavirus and its effects on supply chains.​ EBCI results 20200227nm.pdf

January 2020

For the fifth consecutive month the current conditions component of the EBCI topped or equaled 50 points, which signaled conditions conducive to an expanding electroindustry. At 59.4, a 9.4 point increase from December’s level, the January score marked this component’s highest reading since June 2018. A majority of panelists reported unchanged conditions, but the share of responses noting better conditions increased by 20 percentage points from last month. Despite the overall manufacturing malaise reflected in the Institute for Supply Management (ISM) survey results, confidence in the electroindustry remained steady to improved.  ​EBCI results 20200129nm.pdf

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