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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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2019  |  2018  |  2017

May 2019

​The current conditions component edged lower for the third consecutive month in May, moving from a reading of 52.8 in April to 50.0 this month. The share of panelists who reported unchanged conditions dropped sharply, and although the proportion of respondents that indicated better conditions increased over last month, the percentage that noted worse conditions increased by an even greater amount. For better or for worse, tariffs served as the focus for most comments, but one remark simply pointed out that this has been the “best start to the year” in some time.  EBCI results 20190529nm.pdf

April 2019

Much like last month, confidence in business conditions remained in positive territory despite edging down from the previous reading. Even in the face of a half-point slide from 53.3 in March to 52.8 this month, the current component stayed above 50 for now the fourth consecutive month. The share of those reporting unchanged conditions increased over last month, while the proportion of panel members that noted either better or worse conditions decreased. Comments largely reflected the lukewarm numerical result, as perhaps the most representative remark suggested that “business seems to be good but not great.” ​EBCI results 20190424nm.pdf

March 2019

​Despite a slight drop, from 55.9 last month to 53.3 in March, the current conditions component remained in expansionary territory. The share of manufacturers that noted unchanged conditions increased as reports of both better and worse conditions ​declined. Alt​hough no glaring concerns surfaced, some comments cited policy uncertainty, especially related to tariffs, as well as the desire that federal policymakers turn their attention to the nation's infrastructure needs.​ EBCI results 20190327nm.pdf

February 2019

In edging up to 55.9 in February from 53.3 last month, the EBCI current conditions component moved further into expansionary territory and solidified a shift away from a handful of sub-50 readings late in 2018. Fewer respondents perceived a plateau this month, as the share of the panel that reported unchanged conditions declined. Although the share of those who indicated worse conditions ticked up, the proportion of those who saw better conditions outpaced them. Healthy activity on respondents’ books and some good economic news were only somewhat tempered by continued concern about instability from policymakers. EBCI results 20190227nm.pdf

January 2019

​The current conditions component moved above 50 for the first time since last August, adding 7 points to last month’s mark to reach 53.3 in January. The responses presented a much more straightforward view than in recent months as the share of respondents that noted better conditions increased compared to last month, and the proportion of those who reported unchanged or worse conditions declined. Although some comments alluded to unease because of trade policy and the partial federal government shutdown, one respondent described a solid start to the year. EBCI results 20190130nm.pdf

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