June 2020 NEMA Electroindustry Business Confidence Index
June 30, 2020
Bearing in mind that the EBCI measures perceived changes relative to a prior time period, the current conditions component for June marked a vast Improvement versus May, gaining 30 points to 62.5. The June result validated the assumption that conditions facing the electroindustry hit bottom in April, and expansion relative to that low point and a dismal May has begun. Some corners of the industry have thrived throughout the pandemic and continued to do so this month. Even among those sectors that had struggled, the tone of comments improved in June reflecting an assessment that "business is still spotty but the level of day-to-day activity... is picking up."