Ticking down a nearly-imperceptible 1.4 points, the current conditions component remained firmly in expansion territory at 61.1 in July. The share of respondents that reported unchanged conditions increased, while those indicating better conditions edged back slightly. Some sectors of the electroindustry continued to note robust activity, but many comments suggested a plateau of sorts at an elevated level compared to the pandemic trough. Further expansion may be constrained because of continued uncertainty about the course of the virus and responses to it.

Click here to read the full report.