NEMA EBCI panel members, all of whom responded to the November survey after the election results were known, pushed the current conditions index further into positive territory, moving it from 55.6 points in October to 57.9 points this month. While a relatively small share of NEMA’s panel — 11% — rated conditions worse this month, it marks an increase over the 6% responding similarly in October. The share of respondents that noted unchanged conditions dropped 15 points, sliding from 78% last month to 63% in November. Twenty-six percent of survey respondents reported better conditions, compared to 17% in October.
The EBCI Index is a monthly survey of senior executives at electrical manufacturing companies published by the National Electrical Manufacturers Association (NEMA), Rosslyn, Va. Any score over the 50-point level indicates more panelists see conditions improving than see them deteriorating.
At 73.7 points, this month’s future conditions index eclipsed October’s reading of 66.7 points. Although the share of respondents expecting unchanged conditions dropped from 44% in October to 21% now, those anticipating worse conditions ticked up slightly from 11% last month to 16% in November. The greatest mover among future conditions components was the share of panel members expecting better conditions. That number jumped 19 points from 44% in October to 63% this month.
