Current conditions component continues to rise in September

3 October 2024

Please note that survey responses were collected from the period of September 11-25, 2024.

This month, the electroindustry business confidence index current conditions component surged to 69.2, reflecting a notable 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.” Comments this month presented a mixed bag of sentiments, with some respondents highlighting record levels of quotations while also noting that incoming orders have been somewhat uneven. Panel members noted that while the interest rate reduction has materialized, some are still seeing election uncertainty and cautious customers.