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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.

*Please note that no EBCI reports were issued in July, August, and September 2013.


2017  |  2016  |  2015  |  2014  |  2013  |  2012

March 2017

In moving from 72.2 last month to 76.5 in March, the NEMA Electroindustry Business Confidence current conditions index reached its highest level since September 2005. Although some executives remarked on confusion in Washington and flashes of social unrest, signs of a strengthening economy noted by others were apparently widespread among panel members. The share of those indicating better business conditions increased by 9 percentage points to 59 percent this month, and all of that increase came as a result of a 9 percentage point drop in the “unchanged” conditions category, from 44 percent in February to 35 percent in March. Like last month, only 6 percent reported worse conditions.​ EBCI results 20170329nm.pdf

February 2017

At an aggregate level business confidence remained unchanged in February, hitting the same 72.2 mark as in January. A sense of wait-and-see has crept into some of the comments, resulting in 11 point drops in the percentage of respondents reporting both better and worse conditions, along with a 22 point increase in the share of those who see current conditions as unchanged. Despite the internal churning, the current conditions index remains quite firmly in the expansionary range. EBCI results 20170222nm.pdf

January 2017

​Mixed in with guarded optimism, panel comments also noted some market softness and uncertainty about the policy course being charted by Washington. Nevertheless, buoyed by a surge of respondents reporting better conditions the current conditions index moved to 72.2, which is the highest reading in nearly 4 years. Most of the movement came from fewer panelists reporting unchanged conditions: only 22 percent in January versus 44 percent last month. Although some of that exodus resulted in a 6 point increase in those seeing worse conditions, 61 percent registered better conditions now compared to 44 percent in December. EBCI results 20170125nm.pdf




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