August 2021 NEMA Electroindustry Business Confidence Index
August 28, 2021
Hitting its lowest reading since coming out of the pandemic-induced recession, the current conditions component lost just over seven points from July’s result to land at 50 this month. An equal share of respondents noted better conditions and worse conditions, but a substantial majority of panel members, 60 percent, rated the current business as unchanged from a month ago. Comments were uniformly negative with common concerns centering on difficulty in finding qualified labor, inflationary pressures, and broad supply constraints.