Current Conditions Component Improves in October

06 November 2025

Please note that survey responses were collected from the period of October 13-24, 2025.

The Current Conditions component improved in October, rising to 58.3 from 55.0 in September. Respondents reporting “better” conditions slightly decreased to 33 percent, while those viewing conditions as “worse” declined to 9.1 percent. Similar to last month 50 percent of panel members indicated that conditions remained unchanged. Comments were mixed. Some panel members reported being busy, working through backlogs, and noting positive data center activity, yet they also mentioned the ongoing uncertainty and chaos in the market