September 2021 NEMA Electroindustry Business Confidence Index
October 1, 2021
The current conditions component returned to presumed growth this month after hitting a plateau in August. The nearly 8-point expansion to 57.7 in September was driven largely by a decline in the share of respondents that reported worse conditions compared to the previous month. September’s score marked the third consecutive month in the 50s, suggesting that conditions remained conducive to expansion but at a bit less robust pace than in much of the past year. Comments reflected the opposing forces at play in the macroeconomy, with unresolved supply chain problems competing against unflagging demand.