September 2019 NEMA Electroindustry Business Confidence Index
September 30, 2019
The current conditions component crept up to growth territory this month, bouncing back from August’s 41.2 to reach an index value of 50 in September. Although a preponderance of panel members still reported unchanged conditions, the share of responses indicating better conditions edged up several percentage points. With only brief exceptions, this measure has remained largely range-bound in the low 50s to upper 40s since mid-2018. Commenters noted weakness in both long-term and short cycle spending alongside reports of steady to strong growth.