NEMA’s EBCI Indexes for Current & Future Conditions Point to Solid Growth in June

After three months of decline and stagnation, the current conditions component of the National Electrical Manufacturers Association’s ElectroIndustry increased to 57.7 points in June, elevating it back to the robust levels seen at the beginning of the year.

The majority of respondents, 69%, report that current conditions are “unchanged” and 23% percent report current conditions are “better.” This sentiment was echoed in panel members’ comments, which were mixed as some noted increased orders and investments in data centers while others expressed concerns about political instability, market uncertainty, and sluggish business.
The ElectroIndustry Business Conditions Index (EBCI) is a monthly survey of senior executives at electrical manufacturers published by the National Electrical Manufacturers Association (NEMA), Rosslyn, VA. Any score over the 50-point level indicates a greater number of panelists see conditions improving than see them deteriorating.
In June 2024, the future conditions component reached 84.6 points, marking the 13th consecutive month of expected growth in the period six months ahead and its highest reading in more than three years. Over two-thirds of the panel members predicted better conditions, and none indicated that they foresee “worse” conditions in six months from now. Comments
on conditions in the next six months were positive with panel members expecting orders to increase, financial conditions to improve, and interest rates to ease.