August 2020 NEMA Electroindustry Business Confidence Index
September 4, 2020
With a majority of respondents reporting better conditions, the current component of the Electroindustry Business Confidence Index increased by more than seven points, reaching 68.4 this month. In retrospect, July's survey results pointed to a relatively widespread sense of a plateau in the market, but in August only around one-third of the panel indicated unchanged conditions. Comments largely reflected the Improvement suggested by the numbers, with one panelist noting that, "order rates are strong."