In the midst of volatile swings in the stock market, rapid inflation, and a Federal Reserve campaign to knock down rising prices through swift and steep interest rate hikes, the electroindustry has settled into a position of relative calm, according to EBCI survey responses. For the third time in seven months, the current conditions index came in at 50 points in September, indicating that conditions were unchanged from the previous month. Indeed, nearly 70 percent of respondents reported “unchanged” conditions in the latest poll. Since January, the current component has averaged just under 50, suggesting a bias toward slower growth. Comments were quite mixed, with reports of continued strength in orders activity tinged with lingering concerns about supply chain disruptions. One comment expressed the confounding environment as one of “still strong demand with continued supply chain challenges.”

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