Current conditions component rises in August

4 September 2024

Please note that survey responses were collected from the period of August 13-26, 2024.

The electroindustry business confidence index current conditions component rose to 63.6 in August, the highest score since February 2023. Most respondents, 60 percent, described current conditions as “unchanged” while one-third considered them “better.” Panel members expressed a positive outlook, noting increased quote activity, a robust market, and rising order rates. However, they also highlighted concerns about the upcoming election and ongoing market uncertainty.