Electroindustry Business Confidence Soars

In moving from 72.2 last month to 76.5 in March, the NEMA Electroindustry Business Confidence current conditions index reached its highest level since September 2005.

Although some executives remarked on confusion in Washington and flashes of social unrest, signs of a strengthening economy noted by others were apparently widespread among panel members. The share of those indicating better business conditions increased by 9 percentage points to 59% this month, and all of that increase came as a result of a 9 percentage point drop in the “unchanged” conditions category, from 44% in February to 35% in March. Like last month, only 6% reported worse conditions.

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