February 2020 NEMA Electroindustry Business Confidence Index
February 28, 2020
Current conditions retreated in February but did not fall back out of expansionary territory. The 9-point slide from last month's result left the February number at 50 points. The share of respondents noting better conditions declined, while the number reporting worse conditions increased by a similar amount. The proportion of unchanged responses held steady. Much of the commentary contained a sense of optimism shot through with concern over the coronavirus and its effects on supply chains.