Current conditions component is unchanged while future conditions component rose.

8 November 2024

Please note that survey responses were collected from the period of October 14-25, 2024.

This month, the electroindustry business confidence index current conditions component held steady at 69.2, reflecting continued improvement among industry stakeholders from a low of 46.7 points earlier this year. Thirty-eight percent of panel members reported that current conditions are “better,” while none indicated a decline, and 62 percent deemed the situation as “unchanged.” Panel member comments this month portray mixed sentiments, with some seeing stable orders while others report sluggish conditions and supply chain issues.