January 2020 NEMA Electroindustry Business Confidence Index
January 31, 2020
For the fifth consecutive month the current conditions component of the EBCI topped or equaled 50 points, which signaled conditions conducive to an expanding electroindustry. At 59.4, a 9.4 point increase from December’s level, the January score marked this component’s highest reading since June 2018. A majority of panelists reported unchanged conditions, but the share of responses noting better conditions increased by 20 percentage points from last month. Despite the overall manufacturing malaise reflected in the Institute for Supply Management (ISM) survey results, confidence in the electroindustry remained steady to improved.