NEMA’s Current Conditions Index Reaches Pre-Recession Level

In moving from 72.2 in February to 76.5 in March, the NEMA Electroindustry Business Confidence current conditions index reached its highest level since September 2005. Although some executives remarked on confusion in Washington and flashes of social unrest, signs of a strengthening economy noted by others were apparently widespread among panel members. The share of those indicating better business conditions increased by 9 percent to 59 percent this month, and all of that increase came as a result of a 9 percent drop in the “unchanged” conditions category, from 44 percent in February to 35 percent in March. Like last month, only 6 percent reported worse conditions. Click here for the complete March 2017 report.