Current Conditions Component Improves in October

05 December 2025

Please note that survey responses were collected from the period of November 12-26, 2025.

The Current Conditions component held steady at 58.3 in November. The share of respondents reporting “better” conditions was 25 percent, while those viewing conditions as “worse” declined to 8.3 percent. A majority, 66.7 percent, indicated that conditions remained unchanged. This distribution reflects a stable environment, with most panel members seeing little change from the previous month. Respondent comments were mixed, with some panelists highlighting strong electrical business activity while others noted lagging performance in general manufacturing and continued uncertainty in the market.