December 2020 NEMA Electroindustry Business Confidence Index
January 3, 2021
Coming in at 57.7, the current conditions component remained in expansionary territory for December. The decline from 78.1 points a month earlier was driven by a sharp increase in the share of respondents who noted unchanged conditions. Reports of worse conditions remained a relatively small fraction of all responses. Comments reflected a picture of continued, though marginal, improvement in the current environment faced by electrical manufacturers.