December 2018 NEMA Electroindustry Business Confidence Index
January 3, 2019
The current conditions component of the Electroindustry Business Conditions Index bounced back from last month’s 36.7, but at 46.2 points it did not return to expansionary territory. As with November’s results, a majority of respondents reported unchanged conditions. Although the number of panel members that noted better conditions remained relatively sparse, the share of those whose companies experienced worse conditions declined by 10 percentage points from November to December.
The mean value of the reported intensity of change in electroindustry business conditions remained on the negative side of the scale for the third consecutive month but edged up slightly from -0.4 in November to -0.2 in December. The median value returned to 0 from last month’s foray into the negative. Panelists are asked to report intensity of change on a scale ranging from –5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).