Current electroindustry business conditions have improved, according to the National Electrical Manufacturers Association (NEMA), which recorded a score of 63.3 for its Electroindustry Business Conditions Index (EBCI) in November 2021.
This reversed course from last month, when the EBCI dipped into negative territory, and posted the highest score since June.
The future conditions component of the index (6 months from now) was less optimistic, with a score of 53.3.
The gauge’s movement to well into expansion territory came in spite of commentary perhaps best labeled as cautious. The “broken record,” as framed by one commenter, of supply chain and hiring woes continued as the focus of discussion among respondents. Another comment described the “discombobulated and complicated market environment” presenting a mix of peril and opportunity.