Please note that survey responses were collected from the period of April 8-19, 2024.

 In the latest survey, 66 percent of panel members reported “unchanged” conditions, consistent with March’s findings. However, an increased share of respondents reporting “worse” conditions led to a decrease in the current conditions component to 46.7 points in April, down from the previous month’s 53.7. This is the first time since July 2023 the current gauge dropped below the threshold value of 50, indicating a contracting electroindustry sector. Panel member comments were mixed but focused on stable or slight increases in demand for products while cautioning of likely delays in interest rate cuts and increasing energy prices.